Jackson-based Parkway Properties is paying $462 million to Eola Capital for a stake in six office complexes and Eola’s management business. Parkway is buying the properties on behalf of its Parkway Properties Office Fund II. The deal is expected to be completed in the second quarter of 2011. The sale includes two office complexes in Tampa and one each in Orlando, Jacksonville, Atlanta, and Philadelphia. After the transaction, James Heistand, current Chairman of Eola, will become executive chairman of the board of directors of Parkway.

Click here for the release from Parkway Properties.