MIAMI—New details have emerged about the trade of a class A office portfolio that spans Florida, Georgia, North Carolina, Texas, Kentucky, and Virginia. An affiliate of Parkway Properties acquired the 22 property, 3.1 million-square-foot portfolio for $475 million in September.
HFF marketed the office portfolio on behalf of the owners, who were advised by Interventure Advisors LP. Upon closing, Parkway sold 19 of the office assets to a
joint venture between affiliates of Banyan Street Capital and Oaktree Capital Management for $237 million. Parkway still owns three of the assets located in Tampa, FL.
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