SOURCE: Franklin Street Properties Corp.

October 12, 2010 16:02 ET

Franklin Street Properties Corp. Updates the Percentage of Leased Space in Its Directly-Owned Property Portfolio

WAKEFIELD, MA--(Marketwire - October 12, 2010) -  Franklin Street Properties Corp. ("FSP" or "its") (NYSE Amex: FSP), an investment firm specializing in real estate, is providing the following updated information on the percentage of leased space in its directly-owned portfolio of 33 properties as of September 30, 2010. 

FRANKLIN STREET PROPERTIES  
Percentage of Leased Space  
                                         
 



  Property Name
  Location   Square Feet   % Leased as of 3/31/10*   First Quarter Average % Leased**     % Leased as of 6/30/10*   Second Quarter Average % Leased**     % Leased as of 9/30/10*   Third Quarter Average % Leased**  
                                         
1 PARK SENECA   Charlotte, NC   109,550   85.1 % 85.2 %   84.4 % 84.8 %   84.0 % 84.3 %
2 HILLVIEW CENTER   Milpitas, CA   36,288   100.0 % 100.0 %   100.0 % 100.0 %   100.0 % 100.0 %
3 SOUTHFIELD   Southfield, MI   214,697   55.7 % 55.6 %   56.4 % 55.9 %   58.6 % 57.6 %
4 BOLLMAN PLACE   Savage, MD   98,745   100.0 % 100.0 %   100.0 % 100.0 %   100.0 % 100.0 %
5 FOREST PARK   Charlotte, NC   62,212   100.0 % 100.0 %   100.0 % 100.0 %   100.0 % 100.0 %
6 CENTENNIAL   Colorado Springs, CO   110,730   78.5 % 78.5 %   78.5 % 78.5 %   66.9 % 66.9 %
7 MEADOW POINT   Chantilly, VA   138,537   51.5 % 50.7 %   80.6 % 70.9 %   97.9 % 96.1 %
8 TIMBERLAKE   Chesterfield, MO   232,766   99.0 % 99.0 %   99.0 % 99.0 %   99.0 % 99.0 %
9 FEDERAL WAY   Federal Way, WA   117,010   26.1 % 26.1 %   28.3 % 26.9 %   28.3 % 28.3 %
10 NORTHWEST POINT   Elk Grove Village, IL   176,848   100.0 % 100.0 %   100.0 % 100.0 %   100.0 % 100.0 %
11 TIMBERLAKE EAST   Chesterfield, MO   116,197   100.0 % 100.0 %   100.0 % 100.0 %   100.0 % 100.0 %
12 PARK TEN   Houston, TX   155,715   66.0 % 63.4 %   49.8 % 54.8 %   48.2 % 48.2 %
13 MONTAGUE   San Jose, CA   145,951   100.0 % 100.0 %   100.0 % 100.0 %   100.0 % 100.0 %
14 ADDISON   Addison, TX   293,787   61.3 % 61.3 %   92.7 % 71.8 %   95.8 % 93.7 %
15 COLLINS CROSSING   Richardson, TX   298,766   100.0 % 100.0 %   100.0 % 100.0 %   28.8 % 28.8 %
16 GREENWOOD PLAZA   Englewood, CO   197,527   100.0 % 100.0 %   30.6 % 53.7 %   26.6 % 23.6 %
17 RIVER CROSSING   Indianapolis, IN   205,059   94.7 % 94.7 %   94.7 % 94.7 %   97.5 % 97.5 %
18 LIBERTY PLAZA   Addison, TX   218,934   77.8 % 74.4 %   78.0 % 77.7 %   76.9 % 77.6 %
19 INNSBROOK   Glen Allen, VA   303,745   34.7 % 25.4 %   31.3 % 31.3 %   31.3 % 31.3 %
20 380 INTERLOCKEN   Broomfield, CO   240,184   87.0 % 87.0 %   89.7 % 88.8 %   85.1 % 85.1 %
21 BLUE LAGOON   Miami, FLA   212,619   100.0 % 100.0 %   100.0 % 100.0 %   100.0 % 100.0 %
22 ELDRIDGE GREEN   Houston, TX   248,399   100.0 % 100.0 %   100.0 % 100.0 %   100.0 % 100.0 %
23 WILLOW BEND   Plano, TX   116,622   49.8 % 49.8 %   49.8 % 49.8 %   55.5 % 53.6 %
24 ONE OVERTON PARK   Atlanta, GA   387,267   90.3 % 90.3 %   91.5 % 91.0 %   92.4 % 92.5 %
25 390 INTERLOCKEN   Broomfield, CO   241,516   98.5 % 98.5 %   98.3 % 98.3 %   98.3 % 98.3 %
26 EAST BALTIMORE   Baltimore, MD   325,445   94.4 % 94.7 %   95.3 % 95.3 %   94.8 % 95.1 %
27 PARK TEN PHASE II   Houston, TX   156,746   97.8 % 97.8 %   97.8 % 97.8 %   97.8 % 97.8 %
28 LAKESIDE CROSSING I   Maryland Heights, MO   127,778   100.0 % 100.0 %   100.0 % 100.0 %   100.0 % 100.0 %
29 LOUDOUN TECH   Dulles, VA   135,888   100.0 % 100.0 %   100.0 % 100.0 %   100.0 % 100.0 %
30 4807 STONECROFT   Chantilly, VA   111,469   100.0 % 100.0 %   100.0 % 100.0 %   100.0 % 100.0 %
31 EDEN BLUFF   Eden Prairie, MN   153,028   100.0 % 100.0 %   100.0 % 100.0 %   100.0 % 100.0 %
32 3150 FAIRVIEW PARK DR.   Falls Church, VA   252,613   100.0 % 100.0 %   100.0 % 100.0 %   100.0 % 100.0 %
33 121 SOUTH EIGHTH ST.   Minneapolis, MN   474,661   n/a   n/a     89.8 % 89.8 %   92.1 % 91.3 %
  TOTAL WEIGHTED AVERAGE   6,417,299   85.4 % 84.7 %   85.3 % 84.6 %   82.4 % 82.1 %
                                         
  * % Leased as of month's end includes all leases that expire on the last day of the quarter.      
  ** Average quarterly percentage is the average of the end of the month leased percentage for each of the 3 months during the quarter.      

FSP plans to give an update on current leasing activity at select properties as part of its third quarter earnings conference call anticipated to occur during the week ending November 5, 2010.

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