Parkway closes on NASCAR Plaza purchase

Parkway Properties Inc. closed on its $100 million purchase of the NASCAR Plaza building earlier this week, its third uptown office acquisition in 2012.

Last month, the Orlando, Fla.-based real estate investment trust completed its $47.4 million purchase of the 525 North Tryon building in uptown Charlotte. Earlier in the year, the firm purchased the Hearst Tower from Bank of America Corp. for $250 million.

With its trio of uptown properties, Parkway now owns 1.7 million square feet of office space in the submarket. Parkway executives talked with analysts about their strategy for Charlotte late last year.