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PKY > SEC Filings for PKY > Form 8-K on 16-Apr-2014All Recent SEC Filings

Show all filings for PARKWAY PROPERTIES INC



Entry into a Material Definitive Agreement, Financial Statements and Exhib

Item 1.01 Entry Into a Material Definitive Agreement.

On April 10, 2014, Parkway Properties LP ("Parkway LP"), a subsidiary of Parkway Properties, Inc., entered into the fourth amendment (the "Fourth Amendment") to the limited partnership agreement of Parkway Properties Office Fund II, L.P. (the "Partnership Agreement").

The Fourth Amendment provides for the development of a parcel of land in Tempe, Arizona ("Hayden Ferry Lakeside III") by, among other things, expanding the investment guidelines and investment period of Parkway Properties Office Fund II, L.P. ("Fund II") solely for the purpose of authorizing the development of Hayden Ferry Lakeside III and establishing the guidelines for funding the development of the land. The Fourth Amendment also authorized the general partner of Fund II to transfer a 57.142% interest in the owner of Hayden Ferry Lakeside III, a subsidiary of Fund II, to Parkway LP or an affiliate of Parkway LP for approximately $2.8 million, such that Parkway LP owns a 70% indirect interest in Hayden Ferry Lakeside III. Except as amended by the Fourth Amendment, the remaining terms of the Partnership Agreement remain in full force and effect.

A copy of the Fourth Amendment is attached to this Current Report on Form 8-K as Exhibit 10.1 and incorporated by reference herein. The foregoing description of the Fourth Amendment is not complete and is qualified in its entirety by reference to the Fourth Amendment.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number Description
Exhibit 10.1   Fourth Amendment to Limited Partnership Agreement of Parkway
               Properties Office Fund II, L.P., dated April 10, 2014, by and
               among PPOF II, LLC, Parkway Properties LP and Teacher Retirement
               System of Texas.

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