XML 41 R81.htm IDEA: XBRL DOCUMENT v2.4.1.9
Noncontrolling Interests (Details) (USD $)
12 Months Ended 0 Months Ended 1 Months Ended 0 Months Ended
Dec. 31, 2014
Joint-venture
Property
Dec. 31, 2013
Dec. 31, 2012
Dec. 19, 2013
Dec. 06, 2013
Dec. 31, 2013
Mar. 25, 2013
Property
Dec. 23, 2013
Jan. 24, 2014
Feb. 10, 2014
Real Estate Properties [Line Items]                    
Number of joint ventures 2pky_NumberofJointVentures                  
Number of real estate properties 51us-gaap_NumberOfRealEstateProperties                  
Total Purchase Price $ 862,475,000us-gaap_BusinessCombinationConsiderationTransferred1                  
Mortgage notes payable 1,339,450,000us-gaap_SecuredDebt 1,097,493,000us-gaap_SecuredDebt       1,097,493,000us-gaap_SecuredDebt        
Payments to acquire equity method investments 3,505,000us-gaap_PaymentsToAcquireEquityMethodInvestments 86,685,000us-gaap_PaymentsToAcquireEquityMethodInvestments 0us-gaap_PaymentsToAcquireEquityMethodInvestments              
Ownership percentage (in percent) 95.50%us-gaap_MinorityInterestOwnershipPercentageByParent                  
Total Fund II                    
Real Estate Properties [Line Items]                    
Target value of discretionary fund 750,000,000.0pky_TargetValueOfDiscretionaryFund
/ us-gaap_RealEstatePropertiesAxis
= us-gaap_CorporateJointVentureMember
                 
Target capital structure of equity capital 375,000,000pky_TargetCapitalStructureOfEquityCapital
/ us-gaap_RealEstatePropertiesAxis
= us-gaap_CorporateJointVentureMember
                 
Target capital structure of non-recourse, fixed rate first mortgage debt 375,000,000pky_TargetCapitalStructureOfNonRecourseFixedRateFirstMortgageDebt
/ us-gaap_RealEstatePropertiesAxis
= us-gaap_CorporateJointVentureMember
                 
Number of properties acquired 13pky_NumberOfPropertiesAcquired
/ us-gaap_RealEstatePropertiesAxis
= us-gaap_CorporateJointVentureMember
                 
Increased discretionary fund capacity 20,000,000pky_IncreasedDiscretionaryFundCapacity
/ us-gaap_RealEstatePropertiesAxis
= us-gaap_CorporateJointVentureMember
                 
Number of parking spaces in garage acquired 2,500pky_Numberofparkingspacesingarageacquired
/ us-gaap_RealEstatePropertiesAxis
= us-gaap_CorporateJointVentureMember
                 
Cumulative preferred return threshold for pro rata cash distributions (in hundredths) 9.00%pky_CumulativePreferredReturnThresholdForProRataCashDistributions
/ us-gaap_RealEstatePropertiesAxis
= us-gaap_CorporateJointVentureMember
                 
Term of the fund 7 years 0 months 0 days                  
Number of term extension provisions 2pky_NumberOfTermExtensionProvisions
/ us-gaap_RealEstatePropertiesAxis
= us-gaap_CorporateJointVentureMember
                 
Length of extension term 1 year                  
Total Fund II | Parkway                    
Real Estate Properties [Line Items]                    
Target ownership percentage (in percent) 30.00%pky_TargetOwnershipPercentage
/ us-gaap_PartnerTypeOfPartnersCapitalAccountAxis
= us-gaap_GeneralPartnerMember
/ us-gaap_RealEstatePropertiesAxis
= us-gaap_CorporateJointVentureMember
                 
Distribution percentage to partners (in hundredths) 44.00%pky_DistributionPercentagetoPartners
/ us-gaap_PartnerTypeOfPartnersCapitalAccountAxis
= us-gaap_GeneralPartnerMember
/ us-gaap_RealEstatePropertiesAxis
= us-gaap_CorporateJointVentureMember
                 
Total Fund II | TRST                    
Real Estate Properties [Line Items]                    
Target ownership percentage (in percent) 70.00%pky_TargetOwnershipPercentage
/ us-gaap_PartnerTypeOfPartnersCapitalAccountAxis
= us-gaap_LimitedPartnerMember
/ us-gaap_RealEstatePropertiesAxis
= us-gaap_CorporateJointVentureMember
                 
Distribution percentage to partners (in hundredths) 56.00%pky_DistributionPercentagetoPartners
/ us-gaap_PartnerTypeOfPartnersCapitalAccountAxis
= us-gaap_LimitedPartnerMember
/ us-gaap_RealEstatePropertiesAxis
= us-gaap_CorporateJointVentureMember
                 
Tampa Fund II Assets                    
Real Estate Properties [Line Items]                    
Ownership percentage of noncontrolling interest             70.00%us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners
/ us-gaap_BusinessAcquisitionAxis
= pky_TampaFundIIAssetsMember
     
Bank of America Center                    
Real Estate Properties [Line Items]                    
Company purchased its co-investor's interest               70.00%us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired
/ us-gaap_BusinessAcquisitionAxis
= pky_BankOfAmericaCenterMember
   
Thomas Properties Group, Inc.                    
Real Estate Properties [Line Items]                    
Total Purchase Price       1,245,969,000us-gaap_BusinessCombinationConsiderationTransferred1
/ us-gaap_BusinessAcquisitionAxis
= pky_ThomasPropertiesGroupIncMember
           
Mortgage debt assumed, net premium of $15,896       335,991,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt
/ us-gaap_BusinessAcquisitionAxis
= pky_ThomasPropertiesGroupIncMember
           
Number of common units outstanding in a business acquisition   4,300,000pky_BusinessAcquisitionEquityInterestIssuedorIssuableNumberofSharesOutstanding
/ us-gaap_BusinessAcquisitionAxis
= pky_ThomasPropertiesGroupIncMember
      4,300,000pky_BusinessAcquisitionEquityInterestIssuedorIssuableNumberofSharesOutstanding
/ us-gaap_BusinessAcquisitionAxis
= pky_ThomasPropertiesGroupIncMember
       
Office Building                    
Real Estate Properties [Line Items]                    
Number of real estate properties 49us-gaap_NumberOfRealEstateProperties
/ us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis
= us-gaap_OfficeBuildingMember
                 
Office Building | FLORIDA | Lincoln Place                    
Real Estate Properties [Line Items]                    
Number of common units issued in a business acquisition         900,000us-gaap_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued
/ us-gaap_BusinessAcquisitionAxis
= pky_LincolnPlaceMember
/ us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis
= us-gaap_OfficeBuildingMember
/ us-gaap_StatementGeographicalAxis
= stpr_FL
900,000us-gaap_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued
/ us-gaap_BusinessAcquisitionAxis
= pky_LincolnPlaceMember
/ us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis
= us-gaap_OfficeBuildingMember
/ us-gaap_StatementGeographicalAxis
= stpr_FL
       
Office Building | FLORIDA | Tampa Fund II Assets                    
Real Estate Properties [Line Items]                    
Company purchased its co-investor's interest             70.00%us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired
/ us-gaap_BusinessAcquisitionAxis
= pky_TampaFundIIAssetsMember
/ us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis
= us-gaap_OfficeBuildingMember
/ us-gaap_StatementGeographicalAxis
= stpr_FL
     
Number of real estate properties             3us-gaap_NumberOfRealEstateProperties
/ us-gaap_BusinessAcquisitionAxis
= pky_TampaFundIIAssetsMember
/ us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis
= us-gaap_OfficeBuildingMember
/ us-gaap_StatementGeographicalAxis
= stpr_FL
     
Ownership of property after acquisition (percent)             100.00%us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeIncludingSubsequentAcquisitionPercentage
/ us-gaap_BusinessAcquisitionAxis
= pky_TampaFundIIAssetsMember
/ us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis
= us-gaap_OfficeBuildingMember
/ us-gaap_StatementGeographicalAxis
= stpr_FL
     
Total Purchase Price             97,500,000us-gaap_BusinessCombinationConsiderationTransferred1
/ us-gaap_BusinessAcquisitionAxis
= pky_TampaFundIIAssetsMember
/ us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis
= us-gaap_OfficeBuildingMember
/ us-gaap_StatementGeographicalAxis
= stpr_FL
     
Gross valuation amount             139,300,000pky_BusinessCombinationGrossValuationAmount
/ us-gaap_BusinessAcquisitionAxis
= pky_TampaFundIIAssetsMember
/ us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis
= us-gaap_OfficeBuildingMember
/ us-gaap_StatementGeographicalAxis
= stpr_FL
     
Liability assumed in a business acquisition             40,700,000us-gaap_BusinessCombinationConsiderationTransferredLiabilitiesIncurred
/ us-gaap_BusinessAcquisitionAxis
= pky_TampaFundIIAssetsMember
/ us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis
= us-gaap_OfficeBuildingMember
/ us-gaap_StatementGeographicalAxis
= stpr_FL
     
Office Building | FLORIDA | Bank of America Center                    
Real Estate Properties [Line Items]                    
Company purchased its co-investor's interest               70.00%us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired
/ us-gaap_BusinessAcquisitionAxis
= pky_BankOfAmericaCenterMember
/ us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis
= us-gaap_OfficeBuildingMember
/ us-gaap_StatementGeographicalAxis
= stpr_FL
   
Ownership of property after acquisition (percent)               100.00%us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeIncludingSubsequentAcquisitionPercentage
/ us-gaap_BusinessAcquisitionAxis
= pky_BankOfAmericaCenterMember
/ us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis
= us-gaap_OfficeBuildingMember
/ us-gaap_StatementGeographicalAxis
= stpr_FL
   
Total Purchase Price               52,500,000us-gaap_BusinessCombinationConsiderationTransferred1
/ us-gaap_BusinessAcquisitionAxis
= pky_BankOfAmericaCenterMember
/ us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis
= us-gaap_OfficeBuildingMember
/ us-gaap_StatementGeographicalAxis
= stpr_FL
   
Gross valuation amount               75,000,000pky_BusinessCombinationGrossValuationAmount
/ us-gaap_BusinessAcquisitionAxis
= pky_BankOfAmericaCenterMember
/ us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis
= us-gaap_OfficeBuildingMember
/ us-gaap_StatementGeographicalAxis
= stpr_FL
   
Mortgages | Office Building | FLORIDA | Lincoln Place                    
Real Estate Properties [Line Items]                    
Mortgage notes payable   49,300,000us-gaap_SecuredDebt
/ us-gaap_BusinessAcquisitionAxis
= pky_LincolnPlaceMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis
= us-gaap_OfficeBuildingMember
/ us-gaap_StatementGeographicalAxis
= stpr_FL
    48,700,000us-gaap_SecuredDebt
/ us-gaap_BusinessAcquisitionAxis
= pky_LincolnPlaceMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis
= us-gaap_OfficeBuildingMember
/ us-gaap_StatementGeographicalAxis
= stpr_FL
49,300,000us-gaap_SecuredDebt
/ us-gaap_BusinessAcquisitionAxis
= pky_LincolnPlaceMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis
= us-gaap_OfficeBuildingMember
/ us-gaap_StatementGeographicalAxis
= stpr_FL
       
Interest rate on mortgage (in percent)         5.90%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_BusinessAcquisitionAxis
= pky_LincolnPlaceMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis
= us-gaap_OfficeBuildingMember
/ us-gaap_StatementGeographicalAxis
= stpr_FL
         
Mortgages | Office Building | FLORIDA | Tampa Fund II Assets                    
Real Estate Properties [Line Items]                    
Mortgage notes payable             58,100,000us-gaap_SecuredDebt
/ us-gaap_BusinessAcquisitionAxis
= pky_TampaFundIIAssetsMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis
= us-gaap_OfficeBuildingMember
/ us-gaap_StatementGeographicalAxis
= stpr_FL
     
Mortgages | Office Building | FLORIDA | Bank of America Center                    
Real Estate Properties [Line Items]                    
Mortgage notes payable               33,900,000us-gaap_SecuredDebt
/ us-gaap_BusinessAcquisitionAxis
= pky_BankOfAmericaCenterMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis
= us-gaap_OfficeBuildingMember
/ us-gaap_StatementGeographicalAxis
= stpr_FL
   
Mortgage debt assumed, net premium of $15,896               23,700,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt
/ us-gaap_BusinessAcquisitionAxis
= pky_BankOfAmericaCenterMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis
= us-gaap_OfficeBuildingMember
/ us-gaap_StatementGeographicalAxis
= stpr_FL
   
Interest rate on mortgage (in percent)               4.74%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_BusinessAcquisitionAxis
= pky_BankOfAmericaCenterMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis
= us-gaap_OfficeBuildingMember
/ us-gaap_StatementGeographicalAxis
= stpr_FL
   
Murano | Condominium Project                    
Real Estate Properties [Line Items]                    
Percent of property distribution prior to established return thresholds 73.00%pky_PropertyDistributionspriortoEstablishedReturnThresholdsPercent
/ us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis
= pky_CondominiumProjectMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= pky_MuranoMember
                 
Austin Joint Venture                    
Real Estate Properties [Line Items]                    
Percentage of equity interest       33.00%us-gaap_EquityMethodInvestmentOwnershipPercentage
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= pky_AustinJointVentureMember
           
CalSTRS Joint Venture                    
Real Estate Properties [Line Items]                    
Percentage of equity interest                   40.00%us-gaap_EquityMethodInvestmentOwnershipPercentage
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= pky_CalSTRSJointVentureMember
Additional interest acquired in equity method investment                 17.00%pky_EquityMethodInvestmentAdditionalInterestAcquired
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= pky_CalSTRSJointVentureMember
 
Payments to acquire equity method investments                 41,500,000us-gaap_PaymentsToAcquireEquityMethodInvestments
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= pky_CalSTRSJointVentureMember
 
CalSTRS Joint Venture | CalSTRS                    
Real Estate Properties [Line Items]                    
Ownership percentage (in percent)                   60.00%us-gaap_MinorityInterestOwnershipPercentageByParent
/ us-gaap_CounterpartyNameAxis
= pky_CaliforniaStateTeachersRetirementSystemMember
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= pky_CalSTRSJointVentureMember
Parkway Properties Inc. and Madison International Realty | Austin Joint Venture                    
Real Estate Properties [Line Items]                    
Percentage of equity interest       50.00%us-gaap_EquityMethodInvestmentOwnershipPercentage
/ dei_LegalEntityAxis
= pky_ParkwayPropertiesInc.andMadisonInternationalRealtyMember
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= pky_AustinJointVentureMember
           
CalSTRS | CalSTRS Joint Venture                    
Real Estate Properties [Line Items]                    
Company purchased its co-investor's interest                   60.00%us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired
/ us-gaap_BusinessAcquisitionAxis
= pky_CalSTRSJointVentureMember
/ dei_LegalEntityAxis
= pky_CaliforniaStateTeachersRetirementSystemMember
Payments to acquire interest in joint venture                   $ 24,900,000us-gaap_PaymentsToAcquireInterestInJointVenture
/ us-gaap_BusinessAcquisitionAxis
= pky_CalSTRSJointVentureMember
/ dei_LegalEntityAxis
= pky_CaliforniaStateTeachersRetirementSystemMember
Condominium Project | Murano                    
Real Estate Properties [Line Items]                    
Ownership percentage of noncontrolling interest 27.00%us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners
/ us-gaap_MajorPropertyClassAxis
= pky_CondominiumProjectMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= pky_MuranoMember
                 
Ownership percentage (in percent) 73.00%us-gaap_MinorityInterestOwnershipPercentageByParent
/ us-gaap_MajorPropertyClassAxis
= pky_CondominiumProjectMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= pky_MuranoMember