Speaking of Parkway
Parkway's merger with Thomas Properties has closed. (Anyone crash the wedding?) Yesterday, we caught up with its managing director Mike Fransen and directors of leasing Mark Miller and Andy Smith in Austin; with the merger, Parkway doubled its Houston portfolio to 4.7M SF and now owns half of Austin’s CBD Class-A office product. Mike tells us the team will work to sync its Austin portfolio, which includes five Downtown office buildings totaling 2.4M SF. He says the new ownership is fortuitously coinciding with a hot market in Downtown Austin—tenants are flowing into the submarket more than ever. Mike has some big Houston news coming up very soon: Stay tuned!