SOURCE: Franklin Street Properties Corp.

October 03, 2011 11:20 ET

Franklin Street Properties Corp. Acquires Office Building in Evanston, Illinois

WAKEFIELD, MA--(Marketwire - Oct 3, 2011) - Franklin Street Properties Corp. ("FSP", "its" or "our") (NYSE Amex: FSP), an investment firm specializing in real estate, announced today its acquisition on September 30, 2011 of an office building in Evanston, Illinois for a purchase price of $35,100,000. Completed in 2002, the building is located at 909 Davis Street, contains approximately 195,245 rentable square feet and is approximately 95% leased.

This acquisition brings our total portfolio of directly-owned properties to 35 containing an aggregate of approximately 6,943,060 rentable square feet.

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 operates in two business segments: real estate operations and investment banking/investment services. The majority of FSP's property portfolio is suburban office buildings, with select investments in certain central business district properties. FSP's subsidiary, FSP Investments LLC (member, FINRA and SIPC), is a real estate investment banking firm and a registered broker/dealer. 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.

Contact Information

  • Contact:
    Investor Relations
    (877) 686-9496