WAKEFIELD, Mass.--(BUSINESS WIRE)--
Franklin Street Properties Corp. (“FSP” or “we”) (NYSE MKT: FSP)
announced today its acquisition of a 43-story, multi-tenant office
building containing approximately 680,277 rentable square feet of space
and a 9-story parking garage located in the central business district of
Denver, Colorado (together, the “Property”) for a purchase price of
$183,000,000. The office building is located at 1999 Broadway and the
parking garage is located at 2099 Welton Street. Completed in 1986, the
office building is approximately 96% leased. Although the closing of the
purchase of the Property had been scheduled to take place on July 1,
2013, we exercised our right to accelerate the closing date.
This acquisition brings our total portfolio of directly-owned properties
to 38 containing an aggregate of approximately 8,537,136 rentable square
feet.
This press release, along with other news about FSP, is available on the
Internet at www.franklinstreetproperties.com.
We routinely post information that may be important to investors in the
Investor Relations section of our website. We encourage investors to
consult that section of our website regularly for important information
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About Franklin Street Properties Corp.
Franklin Street Properties Corp., based in Wakefield, Massachusetts, is
focused on achieving current income and long-term growth through
investments in commercial properties. FSP’s property portfolio consists
of office properties. FSP is a Maryland corporation that operates in a
manner intended to qualify as a real estate investment trust (REIT) for
federal income tax purposes. To learn more about FSP please visit our
website at www.franklinstreetproperties.com.
For Franklin Street Properties Corp.
John Demeritt, 877-686-9496
Source: Franklin Street Properties Corp.