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  <TITLE>UNITED STATES</TITLE>
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  <BR>
  UNITED STATES<BR>
  SECURITIES AND EXCHANGE COMMISSION<BR>
  WASHINGTON, DC  20549
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  <P ALIGN="CENTER">FORM 8-K<BR>
  <BR>
  CURRENT REPORT<BR>
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  <P ALIGN="CENTER">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pursuant to Section 13 or 15(d)<BR>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; of the <BR>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities Exchange Act of 1934<BR>
  <BR>
  </TD>
  </TR>
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  <P>Date of Report (Date of earliest event reported):</TD>
  <TD WIDTH="24%" VALIGN="TOP" HEIGHT=22>
  <P ALIGN="CENTER">December 20, 2001
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  <TR><TD VALIGN="TOP" COLSPAN=3>&nbsp;</TD>
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  <P ALIGN="CENTER">PARKWAY PROPERTIES, INC.
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    </TD>
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  <P ALIGN="CENTER">(Exact name of registrant as specified in its charter)<BR>
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  <P>Maryland&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  1-11533&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  74-2123597
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  <P>(State or other <BR>
  jurisdiction of<BR>
  incorporate)</TD>
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  <P ALIGN="CENTER">(Commission File Number)</TD>
  <TD WIDTH="24%" VALIGN="TOP" HEIGHT=18>
  <P ALIGN="CENTER">(IRS Employer<BR>
  Identification<BR>
  Number)</TD>
  </TR>
  <TR><TD WIDTH="24%" VALIGN="TOP" HEIGHT=18><P></P></TD>
  <TD WIDTH="53%" VALIGN="TOP" HEIGHT=18><P></P></TD>
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  <P>One Jackson Place Suite 1000<BR>
  188 East Capitol Street<BR>
  P. O. Box 24647<BR>
  Jackson, Mississippi&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  39225-4647
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  <P>(Address of principal executive offices)</TD>
  <TD WIDTH="24%" VALIGN="TOP" HEIGHT=27>
  <P ALIGN="CENTER">(Zip Code)<BR>
  </TD>
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  <P>Registrant's telephone number, including area code </TD>
  <TD WIDTH="24%" VALIGN="TOP" HEIGHT=19>
  <P ALIGN="CENTER">(601) 948-4091
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  <P ALIGN="CENTER">(Former name, former address and former fiscal year, if changed since last report)</TD>
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  </FONT><B>
  <p ALIGN="CENTER">&nbsp;</p>
  <hr size="4" noshade color="#000000">
  <P ALIGN="CENTER"></P>
  <P ALIGN="CENTER">FORM 8-K<BR>
  <BR>
  PARKWAY PROPERTIES, INC.<BR>
  </P>
  <P ALIGN="JUSTIFY">Item 5.&nbsp;&nbsp;&nbsp;&nbsp;Other Events.</P>
  </B><P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On December 20, 2001, Parkway Properties, Inc. purchased the Bank of America Plaza (the &quot;Building&quot;), a 418,602 square foot office building in Nashville, Tennessee.  Parkway acquired the Building for a purchase price of $30 million plus $1.5 million in closing costs and anticipated first year capital expenditures and leasing commissions.  The purchase was funded with bank borrowings on a line of credit with J. P. Morgan Chase &amp; Co. at a rate equal to the 30-day Libor rate plus 137.5 basis points, currently 3.3125%.</P>
  <P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The twenty-story office building, located in the central business district, was constructed in 1977 and subsequently renovated in 1995 and 1999.  The property is currently 89% leased and has a rent roll that includes five creditworthy, stable tenants which account for 77% of the building's total rentable square footage.  Bank of America is the largest single tenant occupying 180,333 square feet or 43% with a lease expiration date of 2012.  Other national building tenants include the Boult, Cummings law firm (24%), Ernst &amp; Young (6%), Chicago Title (2%) and New York Life (2%). </P>
  <B><P ALIGN="JUSTIFY">Item 7.&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.</P>
  <P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements</P>
  </B><P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;It is impractical to provide the audited financial statements of the building, but such financial statements will be filed as soon as practical  but not  later than 60 days after the filing  of  this Form 8-K.</P>
  <B><P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;Pro Forma Consolidated Financial Statements</P>
  </B><P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The pro forma consolidated  financial statements will be filed with the audited financial statements of the building.</P>
  <P ALIGN="JUSTIFY">&nbsp;</P>
  <B>
  <hr size="4" noshade color="#000000">
  </B>
  <P ALIGN="JUSTIFY">&nbsp;
  </P>
  <B><P ALIGN="CENTER">FORM 8-K<BR>
  PARKWAY PROPERTIES, INC.<BR>
  <BR>
  <BR>
  SIGNATURES<BR>
  <BR>
  </P>
  </B><P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.</P>
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  <P ALIGN="JUSTIFY">DATE:  January 3, 2002</TD>
  <TD WIDTH="8%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="42%" VALIGN="TOP">&nbsp;</TD>
  </TR>
  <TR><TD WIDTH="50%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="8%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="42%" VALIGN="TOP">&nbsp;</TD>
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  <B><P ALIGN="JUSTIFY">PARKWAY PROPERTIES, INC.</B></TD>
  </TR>
  <TR><TD WIDTH="50%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="8%" VALIGN="TOP">
  <P ALIGN="JUSTIFY">By:</TD>
  <TD WIDTH="42%" VALIGN="TOP">
  <P ALIGN="JUSTIFY">/s/ Mandy M. Montgomery</TD>
  </TR>
  <TR><TD WIDTH="50%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="8%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="42%" VALIGN="TOP">
  <P ALIGN="JUSTIFY">Mandy M. Montgomery, CPA</TD>
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  <TR><TD WIDTH="50%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="8%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="42%" VALIGN="TOP">
  <P ALIGN="JUSTIFY">Controller</TD>
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  <TR><TD WIDTH="50%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="8%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="42%" VALIGN="TOP">&nbsp;</TD>
  </TR>
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  <TD WIDTH="8%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="42%" VALIGN="TOP">
  <P ALIGN="JUSTIFY">/s/ Marshall A. Loeb</TD>
  </TR>
  <TR><TD WIDTH="50%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="8%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="42%" VALIGN="TOP">
  <P ALIGN="JUSTIFY">Sr. Vice President, Chief Financial</TD>
  </TR>
  <TR><TD WIDTH="50%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="8%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="42%" VALIGN="TOP">
  <P ALIGN="JUSTIFY">Officer and Secretary</TD>
  </TR>
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  <P ALIGN="JUSTIFY"></P></BODY>
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "f8khtml.htm", "description": "HTML FORMAT", "secsgml_size_bytes": 8912}, {"type": "8-K", "sequence": "3", "filename": "f8kpdf.pdf", "description": "PDF FORMAT", "secsgml_size_bytes": 9516}]
metadata_filer: {"company-data": {"conformed-name": "PARKWAY PROPERTIES INC", "cik": "0000729237", "assigned-sic": "6798", "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": "2501220"}, "business-address": {"street1": "ONE JACKSON PL", "street2": "188 E CAPITOL ST STE 1000", "city": "JACKSON", "state": "MS", "zip": "39225-4647", "phone": "6019484091"}, "mail-address": {"street1": "ONE JACKSON PL P O BOX 24647", "street2": "188 E CAPITOL ST STE 1000", "city": "JACKSON", "state": "MS", "zip": "39225"}, "former-company": {"former-conformed-name": "PARKWAY CO", "date-changed": "19951018"}}
text: UNITED STATES
  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):
  December 20, 2001
  PARKWAY PROPERTIES, INC.
  (Exact name of registrant as specified in its charter)
  Maryland                                                       
  1-11533                                           
  74-2123597
  (State or other
  jurisdiction of
  incorporate)
  (Commission File Number)
  (IRS Employer
  Identification
  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, former address and former fiscal year, if changed since last report)
  FORM 8-K
  PARKWAY PROPERTIES, INC.
  Item 5.    Other Events.
  On December 20, 2001, Parkway Properties, Inc. purchased the Bank of America Plaza (the "Building"), a 418,602 square foot office building in Nashville, Tennessee.  Parkway acquired the Building for a purchase price of $30 million plus $1.5 million in closing costs and anticipated first year capital expenditures and leasing commissions.  The purchase was funded with bank borrowings on a line of credit with J. P. Morgan Chase & Co. at a rate equal to the 30-day Libor rate plus 137.5 basis points, currently 3.3125%.
  The twenty-story office building, located in the central business district, was constructed in 1977 and subsequently renovated in 1995 and 1999.  The property is currently 89% leased and has a rent roll that includes five creditworthy, stable tenants which account for 77% of the building's total rentable square footage.  Bank of America is the largest single tenant occupying 180,333 square feet or 43% with a lease expiration date of 2012.  Other national building tenants include the Boult, Cummings law firm (24%), Ernst & Young (6%), Chicago Title (2%) and New York Life (2%).
  Item 7.    Financial Statements and Exhibits.
  (a)    Financial Statements
  It is impractical to provide the audited financial statements of the building, but such financial statements will be filed as soon as practical  but not  later than 60 days after the filing  of  this Form 8-K.
  (b)    Pro Forma Consolidated Financial Statements
  The pro forma consolidated  financial statements will be filed with the audited financial statements of the building.
  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:  January 3, 2002
  PARKWAY PROPERTIES, INC.
  By:
  /s/ Mandy M. Montgomery
  Mandy M. Montgomery, CPA
  Controller
  /s/ Marshall A. Loeb
  Sr. Vice President, Chief Financial
  Officer and Secretary