Parkway Properties Honored Nationally as One of the 50 Best Companies to Work for...

Parkway Properties Honored Nationally as One of the 50 Best Companies to Work
for in America

JACKSON, Miss., June 29 /PRNewswire-FirstCall/ -- The Society for Human
Resource Management (SHRM) together with The Great Place to Work Institute,
Inc. (GPTW) named Parkway Properties, Inc. (NYSE: PKY) one of the 50 Best
Small & Medium Companies to Work for in America in 2009. The list was
announced on June 29, 2009, in New Orleans before thousands of human resource
professionals attending SHRM's 61st Annual Conference & Exposition.

(Logo: http://www.newscom.com/cgi-bin/prnh/20030513/PARKLOGO )

The list, now in its sixth year, ranks the top 25 small and top 25
medium-sized companies using "best practice" people management strategies to
develop successful organizations with highly productive and satisfied
workforces. Organizations range in size from 50 to 999 employees and the GPTW
selects the winners 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. This year
over 500 companies applied for the award.

Articles and profiles of the winning organizations will appear in the June
issue of Fortune Small Business, in the July issue of HR Magazine and on
CNNMoney.com. The winning organizations will also be listed on the SHRM
(www.shrm.org) and GPTW (www.greatplacetowork.com) web sites.

Steven G. Rogers, President and Chief Executive Officer of Parkway, stated,
"We are humbled and honored to receive this award for the third time in the
past six years. Because this award reflects the level of trust, pride and
camaraderie within the Parkway team, it makes us very proud."

"Small and medium-sized companies make up the majority of the American economy
and workforce," said SHRM President and CEO Laurence O'Neil. "These 50
winning organizations demonstrate that investing in people is critical to
their success, and we are proud to recognize their accomplishments."

GPTW 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 250,000 members in over 140 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
within the United States and subsidiary offices in China and India.

GPTW is an international research and consulting firm dedicated to building
great workplaces. GPTW 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(R)
list. In addition to its global headquarters in San Francisco, GPTW has 29
affiliates in countries throughout North America, South America, Europe and
Asia.

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 65 office properties located in 11
states with an aggregate of approximately 13.4 million square feet of leasable
space at June 29, 2009. Included in the portfolio are 21 properties totaling
3.9 million square feet that are owned jointly with other investors,
representing 28.8% of the portfolio. Fee-based real estate services are
offered through the Company's wholly-owned subsidiary, Parkway Realty
Services, which also manages and/or leases approximately 1.9 million square
feet for third-party owners at June 29, 2009.

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

CONTACT:
STEVEN G. ROGERS
PRESIDENT & CHIEF EXECUTIVE OFFICER
WARREN L. SPEED
SENIOR VICE PRESIDENT
(601) 948-4091

SOURCE Parkway Properties, Inc.

Steven G. Rogers, President & Chief Executive Officer, or Warren L. Speed,
Senior Vice President, both of Parkway Properties, Inc., +1-601-948-4091