| **List of Subsidiaries**                               | **Exhibit 21** |
|--------------------------------------------------------|----------------|
|                                                        |                |
|                                                        |                |
| **Name**                                               | **State**      |
|                                                        |                |
| **Corporations:**                                      |                |
|                                                        |                |
| Golf Properties, Inc.                                  | North Carolina |
| Parkway 233 North Michigan  Manager, Inc.              | Delaware       |
| Parkway One Capital Manager,  Inc.                     | Delaware       |
| Parkway Orlando Manager, Inc.                          | Delaware       |
| Parkway Properties General  Partners, Inc.             | Delaware       |
| Parkway Properties One Park Ten  General Partner, Inc. | Delaware       |
|                                                        |                |
| **Partnerships:**                                      |                |
|                                                        |                |
| 111 Capitol Building LP                                | Mississippi    |
| Chicago OfficeInvest LLC                               | Delaware       |
| Moore Building Associates LP                           | Delaware       |
| Moore Garage LLC                                       | Delaware       |
| Parkway 233 North Michigan LLC                         | Delaware       |
| Parkway Capitol Center LLC                             | Delaware       |
| Parkway Jackson LLC                                    | Mississippi    |
| Parkway JHLIC LP                                       | Delaware       |
| Parkway Lamar LLC                                      | Mississippi    |
| Parkway Mississippi LLC                                | Mississippi    |
| Parkway Moore LLC                                      | Delaware       |
| Parkway One Capital City Plaza  LLC                    | Delaware       |
| Parkway One Capital LLC                                | Delaware       |
| Parkway Orlando LLC                                    | Delaware       |
| Parkway Properties LP                                  | Delaware       |
| Parkway Properties Office Fund  LP                     | Delaware       |
| Parkway Properties One Park Ten  LP                    | Delaware       |
| Parkway Realty Services LLC                            | Delaware       |
| PKY Fund I LLC                                         | Delaware       |
| PKY Fund LLC                                           | Delaware       |
| PKY Fund II LLC                                        | Delaware       |
| Parkway Chicago LLC                                    | Delaware       |
| 111 East Wacker LLC                                    | Delaware       |
| PKY Fund Chicago I LLC                                 | Delaware       |
| PKY Fund Memphis I LLC                                 | Delaware       |
| PKY Fund Atlanta I LLC                                 | Delaware       |
| PKY Fund Atlanta II LLC                                | Delaware       |