The Pinnacle at Jackson Place
The Pinnacle at Jackson Place
New development scheduled for completion in late 2008
New development scheduled for completion in late 2008
- Groundbreaking for the Pinnacle was held June 1, 2007
- 194,000 square foot Class A+ development for estimated cost of $48.5 million
- Adjacent to the Company's headquarters - One Jackson Place
- 70% pre-leased to 4 customers
- Parkway leases the adjacent 1,732 space parking garage and, through December, continues renovations as part of overall master plan
- Parkway aims to retain an interest in the building of approximately 20%
- In December, Parkway completed the financing for The Pinnacle for a total of $37.6 million. One of two Pinnacle mortgages is being funded under the Federal New Markets Tax Credit program.
- Details available at web site
www.jacksonplace.com
