Parkway Properties will sell 111 East Wacker Drive, located in Chicago, Illinois. The self-administered real estate investment trust (REIT) will pay $150.6 million for the office property. After the sale, Parkway will hold a partial interest in two remaining assets located in suburban Chicago, both owned by the Parkway Properties Office Fund. The transaction, pending mortgage loan and customary closing conditions, is expected to close during the fourth quarter.

Click here for the release from PR Newswire.