Parkway Properties Honored Nationally as One of the 50 Best Places to Work

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This annual list, now in its fifth year, ranks the top 25 small and top 25 medium-sized companies in America that use smart people management strategies to develop successful organizations with highly productive and satisfied workforces. The organizations, ranging in size from 50 to 999 employees, were announced by SHRM and selected and ranked by the Great Place to Work(R) Institute (GPTW). The results were based on a randomly distributed employee opinion survey. Each company evaluated was given a score based on employees' responses to a detailed questionnaire about the organizations' workplace cultures.

Stories about the winning organizations will appear in the July issue of HR Magazine, the Society's flagship publication with a circulation of 210,000 (available at http://www.shrm.org/hrmagazine ). The winning organizations will also be listed on GPTW web site at http://www.greatplacetowork.com .

Steven G. Rogers, President and Chief Executive Officer of Parkway, stated, "Over the past several years we have received a number of awards, recognitions and accolades, but I am proudest of this one because it comes from the heart of our Company, our people. We are humbled by this award, which reflects the level of trust, pride and camaraderie within the Parkway team."

"Small and medium-sized companies make up the majority of the American economy and workforce," said SHRM President and CEO, Susan R. Meisinger, SPHR. "These winning organizations demonstrate that making effective use of their workforce is key to their success, and their accomplishments deserve recognition."

Great Place to Work Institute co-founder, Robert Levering, said, "These companies stand out because their employees find them to be places where they can trust the management, take pride in their work and have fun. Other companies have much to learn about how to be productive and do right by their people."

SHRM is the world's largest association devoted to human resource management. Representing more than 225,000 members in over 130 countries, the Society serves the needs of HR professionals and advances the interests of the HR profession. Founded in 1948, SHRM has more than 575 affiliated chapters withinthe United States and subsidiary offices inChina andIndia.

Great Place to Work Institute Inc. is an international research and consulting firm dedicated to building great workplaces. Great Place to Work Institute uses its employee survey and assessment process to select the companies appearing on the annual "Best Small & Medium Companies to Work For in America" list and FORTUNE's 100 Best Companies to Work For (C) list. In addition to its global headquarters inSan Francisco, Great Place to Work Institute has 29 affiliates in countries throughoutNorth America,South America,Europe andAsia.

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 andSouthwestern 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 June 23, 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 1.6 million square feet for third-party owners as of June 23, 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 .

    CONTACT:  J. MITCHELL COLLINS
                  CHIEF FINANCIAL OFFICER
              WARREN L. SPEED
                  SENIOR VICE PRESIDENT
                  (601) 948-4091

SOURCE Parkway Properties, Inc.

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Copyright © 2008, NewsBlaze, Daily News

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