Deal of the Week: Spinoff REIT to sell half its stake in Greenway Plaza through JV deal

Florida-based Parkway Inc. (NYSE: PKY), a real estate investment trust spinoff formed after a $2 billion merger, plans to sell a 49 percent interest in Houston’s Greenway Plaza and nearby Phoenix Tower for $512.1 million. The deal, which is expected to close in the second quarter, values the approximately 5 million-square-foot portfolio at about $210 per square foot.

Click to read more at Houston Business Journal.