Jackson Free Press

[Verbatim statement] April 15, 2008—Parkway Properties Inc. (NYSE:PKY) announced today that the Courthouse Racquet and Fitness Center has signed a five-and-a-half year, 10,000 square foot lease to bring a premier fitness facility to downtown Jackson. The facility will be located in the Shops at Jackson Place, on the ground floor of the newly renovated Parking at Jackson Place facility.

The Shops at Jackson Place offer 60,000 square feet of retail space and are part of the Jackson Place development in the heart of downtown. The facility is expected to open in the fall of 2008 and will offer first-class facilities, equipment, personal training, and exercise classes, including classes tailored for the professional.

Steven G. Rogers, President and CEO of Parkway stated, "We are thrilled to welcome the Courthouse back to downtown Jackson and are proud to be able to offer this valuable amenity to the people who work and live in the downtown area. This is an important milestone in the continuing revitalization of downtown Jackson and shows the significant commitment that the Courthouse has made to this city."

Johnny Black, President of Courthouse Racquet and Fitness stated, "My partner Elisabeth Culbertson and I couldn't be more excited to be a part of the renaissance of downtown Jackson. The downtown market is just exploding with great news on a daily basis and to return after 20 years is very exciting for us! This facility will be the "premier" fitness center for the professionals living and working downtown. Members at our new downtown location will enjoy the benefit of having access to our other 5 facilities in the Metro Jackson area."

Parkway Properties, Inc., a member of the S&P Small Cap 600 Index, is a self-administered real estate investment trust specializing in the operation, leasing, acquisition, and ownership of office properties. The Company is geographically focused on the Southeastern and Southwestern United States and Chicago. Parkway owns or has an interest in 69 office properties located in 11 states with an aggregate of approximately 14.1 million square feet of leasable space as of April 15, 2008. Included in the portfolio are 21 properties totaling 3.8 million square feet that are owned jointly with other investors, representing 27.2% of the portfolio. Under the Company's GEAR UP plan, which started January 1, 2006, and ends December 31, 2008, it is the Company's strategy to transform from an owner-operator to an operator-owner. The strategy highlights the Company's strength in providing excellent service in the operation of office properties in addition to its direct ownership of real estate assets. Fee-based real estate services are offered through the Company's wholly owned subsidiary, Parkway Realty Services, which also manages and/or leases approximately 1.8 million square feet for third party owners as of April 15, 2008.

Parkway Properties, Inc.'s press releases and additional information about the Company are available on the World Wide Web at http://www.pky.com.

Courthouse Racquet and Fitness is locally owned and operated by Johnny Black and Elisabeth Culbertson. Started in October of 1979, The Courthouse has been the Metro Jackson leader in providing state of the art/high end fitness facilities for nearly 30 years. The Courthouse currently has 4 locations-Lakeland Drive, North Jackson, Cypress Lake in Madison and Byram. Two new locations are being added this year, Courthouse Fitness in Madison in June and the downtown Jackson location in fall of 2008. The Courthouse is much more than just a fitness center, offering indoor and outdoor tennis courts, indoor and outdoor swimming pools, basketball, professional instruction in tennis, racquetball, swimming and of course fitness, and aerobic and other group exercise classes daily. Additionally, the Courthouse provides pro shops, smoothie bars, tanning, massages, nursery, child care and camps for youth and locker rooms with incredible amenities. It is truly the place to be!

For additional information about memberships at the Courthouse Racquet and Fitness, please visit http://www.mscourthouse.com or call (601) 932-4800.

Previous Comments

ID

118629

Comment

I'm glad to hear that they're returning to the downtown area. I remember when they left, and as a kid, I wondered how they could call themselves the Courthouse when they weren't near a courthouse.

Author

LatashaWillis

Date

2008-04-16T09:58:09-06:00

ID

118652

Comment

"...as a kid, I wondered how they could call themselves the Courthouse when they weren't near a courthouse." --LW LOL!!! That's the funniest thing I've read in a long time.

Author

blu_n_a_redstate

Date

2008-04-16T14:49:33-06:00

ID

118657

Comment

Yeah, kids say the funniest things. :-P

Author

LatashaWillis

Date

2008-04-16T16:54:46-06:00