TPG Capital looking to close on Flagler Portfolio

TPG Capital TPG CapitalLatest from The Business JournalsReal estate giant seeks Florida footprint AEW Capital may be 0M buyer of Flagler StationAEW Capital may be 0M buyer of Flagler StationFollow this company is under contract to purchase 12 million square feet of developed office and industrial properties in Florida from Flagler, according to real estate sources, the South Florida Business Journal reports.

Parkway Properties Inc. Parkway Properties Inc.Latest from The Business JournalsParkway reports improved quarterly funds from operationsParkway’s 2011 numbers down 23.7 percentReal estate giant seeks Florida footprint Follow this company (NYSE: PKY) will joint venture with TPG for a 10 percent interest in the portfolio and will manage the office properties, according to sources.

The TPG-led group’s deposit on the deal, which is expected to fetch more than $1 billion, is nonrefundable as of Feb. 8 or 9.