content: UNITED STATES	
  
                    SECURITIES AND EXCHANGE COMMISSION
  
                         WASHINGTON, DC  20549
  
                    ----------------------------------
  
                                FORM 8-K
  
  
                             CURRENT REPORT
  
  
                    Pursuant to Section 13 or 15(d)
                                of the
                    Securities Exchange Act of 1934
  
  
  Date of Report (Date of earliest event reported): September 30, 1997
                                                    ------------------
  
  
                         PARKWAY PROPERTIES, INC.
  --------------------------------------------------------------------
        (Exact name of Registrant as specified in its charter)
  
  
  
  Maryland                      1-11533                     74-2123597 
  --------------------------------------------------------------------
  (State or other       (Commission File Number)        (IRS Employer
  jurisdiction of                                       Identification
  incorporation)                                        Number)   
  
  One Jackson Place Suite 1000
    188 East Capitol Street
        P. O. Box 24647
      Jackson, Mississippi                                  39225-4647
  --------------------------------------------------------------------
  (Address of principal executive offices)                  (Zip Code)
  
  
  Registrant's telephone number, including area code:   (601) 948-4091
                                                        --------------
  
  
  --------------------------------------------------------------------
     (Former name or former address, if changed since last report)
  
  
  
                              FORM 8-K
  
                      PARKWAY PROPERTIES, INC.
  
  
  Item 2.  Acquisition or Disposition of Assets
  
           On September 30, 1997, a limited partnership in which 
  Parkway Properties, Inc. is a 99% limited partner and a wholly-
  owned subsidiary is a 1% general partner, purchased Morgan Keegan 
  Tower for $36,000,000, from Morgan Properties, LLC.  The Company 
  also paid approximately $473,000 in fees to pay off the existing 
  first mortgage.  Morgan Keegan Tower is a 334,668 rentable square 
  foot, 21 floor office building located in Memphis, Tennessee.  
  This acquisition was funded with the remaining proceeds from the 
  September public stock offering and advances of $8,200,000
  under bank lines of credit with Deposit Guaranty National Bank at
  a rate equal to the 90-day LIBOR rate plus 1.75%.
  
  Item 5.  Other Events
  
           On October 1, 1997, a limited partnership in which Parkway 
  Properties, Inc. is a 99% limited partner and a wholly-owned 
  subsidiary is a 1% general partner, purchased Hightower Centre for 
  $6,700,000. Hightower Centre consists of two three-story office 
  buildings constructed in 1983 containing approximately 78,000 net 
  rentable square feet located in the Central Perimeter submarket of 
  Atlanta, Georgia.  The buildings are 96% leased to 27 tenants. The 
  purchase was funded with advances under bank lines of credit described
  above.
  
  Item 7.  Financial Statements and Exhibits.
  
  (a) Financial Statements
  
           The audited financial statements of Morgan Keegan Tower for 
  the twelve months ended December 31, 1996 are incorporated by 
  reference to the Registrant's Form 8-K dated and filed on September 
  9, 1997.  Also incorporated is the unaudited financial statement of 
  Morgan Keegan Tower for the six months ended June 30, 1997.
  
  (b) Pro Forma Consolidated Financial Statements
  
           The pro forma consolidated financial statements required 
  are incorporated by reference to the Registrant's Form 8-K dated and 
  filed on September 9, 1997.
          
  (c) Exhibits
  
           (10) The Purchase and Sale Agreement between Morgan 
  Properties, LLC and Parkway Properties, LP dated August 28, 1997 is 
  incorporated by reference to the Registrant's Form 8-K dated and 
  filed on September 9, 1997. Parkway agrees to furnish supplementally 
  to the Securities and Exchange Commission on request a copy of any 
  omitted schedule or exhibit to this agreement.
  
  
  
                              FORM 8-K
  
                      PARKWAY PROPERTIES, INC.
  
  
                             SIGNATURES
  
  
  Pursuant to the requirements of the Securities Exchange Act of 1934, 
  the Registrant has duly caused this report to be signed on its 
  behalf by the undersigned hereunto duly authorized.
  
  DATE:  October 2, 1997	             PARKWAY PROPERTIES, INC.
  	
  
                                      
                                      BY: 	/s/Sarah P. Clark
                                           Sarah P. Clark
                                           Senior Vice President,
                                           Chief Financial Officer, 
                                           Treasurer and Secretary
metadata_documents: [{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 4769}]
metadata_filer: {"company-data": {"conformed-name": "PARKWAY PROPERTIES INC", "cik": "0000729237", "assigned-sic": "6512", "irs-number": "742123597", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-11533", "film-number": "97690083"}, "business-address": {"street1": "ONE JACKSON PL", "street2": "188 E CAPITOL ST STE 1000", "city": "JACKSON", "state": "MS", "zip": "39225-2728", "phone": "6019484091"}, "mail-address": {"street1": "P O BOX 22728", "street2": "P O BOX 22728", "city": "JACKSON", "state": "MS", "zip": "39201"}, "former-company": {"former-conformed-name": "PARKWAY CO", "date-changed": "19951018"}}
text: UNITED STATES	
  
                    SECURITIES AND EXCHANGE COMMISSION
  
                         WASHINGTON, DC  20549
  
                    ----------------------------------
  
                                FORM 8-K
  
                             CURRENT REPORT
  
                    Pursuant to Section 13 or 15(d)
                                of the
                    Securities Exchange Act of 1934
  
  Date of Report (Date of earliest event reported): September 30, 1997
                                                    ------------------
  
                         PARKWAY PROPERTIES, INC.
  --------------------------------------------------------------------
        (Exact name of Registrant as specified in its charter)
  
  Maryland                      1-11533                     74-2123597 
  --------------------------------------------------------------------
  (State or other       (Commission File Number)        (IRS Employer
  jurisdiction of                                       Identification
  incorporation)                                        Number)   
  
  One Jackson Place Suite 1000
    188 East Capitol Street
        P. O. Box 24647
      Jackson, Mississippi                                  39225-4647
  --------------------------------------------------------------------
  (Address of principal executive offices)                  (Zip Code)
  
  Registrant's telephone number, including area code:   (601) 948-4091
                                                        --------------
  
  --------------------------------------------------------------------
     (Former name or former address, if changed since last report)
  
                              FORM 8-K
  
                      PARKWAY PROPERTIES, INC.
  
  Item 2.  Acquisition or Disposition of Assets
  
           On September 30, 1997, a limited partnership in which 
  Parkway Properties, Inc. is a 99% limited partner and a wholly-
  owned subsidiary is a 1% general partner, purchased Morgan Keegan 
  Tower for $36,000,000, from Morgan Properties, LLC.  The Company 
  also paid approximately $473,000 in fees to pay off the existing 
  first mortgage.  Morgan Keegan Tower is a 334,668 rentable square 
  foot, 21 floor office building located in Memphis, Tennessee.  
  This acquisition was funded with the remaining proceeds from the 
  September public stock offering and advances of $8,200,000
  under bank lines of credit with Deposit Guaranty National Bank at
  a rate equal to the 90-day LIBOR rate plus 1.75%.
  
  Item 5.  Other Events
  
           On October 1, 1997, a limited partnership in which Parkway 
  Properties, Inc. is a 99% limited partner and a wholly-owned 
  subsidiary is a 1% general partner, purchased Hightower Centre for 
  $6,700,000. Hightower Centre consists of two three-story office 
  buildings constructed in 1983 containing approximately 78,000 net 
  rentable square feet located in the Central Perimeter submarket of 
  Atlanta, Georgia.  The buildings are 96% leased to 27 tenants. The 
  purchase was funded with advances under bank lines of credit described
  above.
  
  Item 7.  Financial Statements and Exhibits.
  
  (a) Financial Statements
  
           The audited financial statements of Morgan Keegan Tower for 
  the twelve months ended December 31, 1996 are incorporated by 
  reference to the Registrant's Form 8-K dated and filed on September 
  9, 1997.  Also incorporated is the unaudited financial statement of 
  Morgan Keegan Tower for the six months ended June 30, 1997.
  
  (b) Pro Forma Consolidated Financial Statements
  
           The pro forma consolidated financial statements required 
  are incorporated by reference to the Registrant's Form 8-K dated and 
  filed on September 9, 1997.
          
  (c) Exhibits
  
           (10) The Purchase and Sale Agreement between Morgan 
  Properties, LLC and Parkway Properties, LP dated August 28, 1997 is 
  incorporated by reference to the Registrant's Form 8-K dated and 
  filed on September 9, 1997. Parkway agrees to furnish supplementally 
  to the Securities and Exchange Commission on request a copy of any 
  omitted schedule or exhibit to this agreement.
  
                              FORM 8-K
  
                      PARKWAY PROPERTIES, INC.
  
                             SIGNATURES
  
  Pursuant to the requirements of the Securities Exchange Act of 1934, 
  the Registrant has duly caused this report to be signed on its 
  behalf by the undersigned hereunto duly authorized.
  
  DATE:  October 2, 1997	             PARKWAY PROPERTIES, INC.
  	
  
                                      
                                      BY: 	/s/Sarah P. Clark
                                           Sarah P. Clark
                                           Senior Vice President,
                                           Chief Financial Officer, 
                                           Treasurer and Secretary