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 19, 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 19, 1997, Parkway Properties LP, a limited 
  partnership in which Parkway Properties, Inc. is a 99% limited 
  partner and a wholly-owned subsidiary is a 1% general partner, 
  purchased First Tennessee Plaza for $29,200,000, from an unrelated 
  party.  The Company also paid approximately $676,000 in fees to 
  pay off the existing first mortgage.  First Tennessee Plaza is a 
  419,809 rentable square foot, 27 floor office building with a 
  four-level, 390 space parking garage located in Knoxville, 
  Tennessee.  The building is 95% leased to fifty-six tenants with 
  First Tennessee Bank occupying approximately 101,000 square feet 
  (24% of the building) under a lease that expires September 2004.  
  This acquisition was funded with bank borrowings on lines of 
  credit with Deposit Guaranty National Bank at a rate equal to the 
  90-day Libor rate plus 1.75%, currently 7.56%.
  
  Item 7.  Financial Statements and Exhibits.
  
           (a) Financial Statements
  
           The audited financial statements of First Tennessee Plaza 
  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 
  First Tennessee Plaza 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 Carlyle Real 
  Estate Limited Partnership, XIII and Parkway Properties LP dated 
  August 20, 1997 is incorporated by reference to the Registrants 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:  September 26, 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": 4444}]
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": "97686398"}, "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 19, 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 19, 1997, Parkway Properties LP, a limited 
  partnership in which Parkway Properties, Inc. is a 99% limited 
  partner and a wholly-owned subsidiary is a 1% general partner, 
  purchased First Tennessee Plaza for $29,200,000, from an unrelated 
  party.  The Company also paid approximately $676,000 in fees to 
  pay off the existing first mortgage.  First Tennessee Plaza is a 
  419,809 rentable square foot, 27 floor office building with a 
  four-level, 390 space parking garage located in Knoxville, 
  Tennessee.  The building is 95% leased to fifty-six tenants with 
  First Tennessee Bank occupying approximately 101,000 square feet 
  (24% of the building) under a lease that expires September 2004.  
  This acquisition was funded with bank borrowings on lines of 
  credit with Deposit Guaranty National Bank at a rate equal to the 
  90-day Libor rate plus 1.75%, currently 7.56%.
  
  Item 7.  Financial Statements and Exhibits.
  
           (a) Financial Statements
  
           The audited financial statements of First Tennessee Plaza 
  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 
  First Tennessee Plaza 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 Carlyle Real 
  Estate Limited Partnership, XIII and Parkway Properties LP dated 
  August 20, 1997 is incorporated by reference to the Registrants 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:  September 26, 1997	          PARKWAY PROPERTIES, INC.
  	
  
                                      
                                      BY: 	/s/Sarah P. Clark
                                           Sarah P. Clark
                                           Senior Vice President,
                                           Chief Financial Officer, 
                                           Treasurer and Secretary