SOURCE: Franklin Street Properties Corp.

July 08, 2010 12:48 ET

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

WAKEFIELD, MA--(Marketwire - July 8, 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 June 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**
               
1 PARK SENECA Charlotte, NC 109,550 85.1% 85.2% 84.4% 84.8%
2 HILLVIEW CENTER Milpitas, CA 36,288 100.0% 100.0% 100.0% 100.0%
3 SOUTHFIELD Southfield, MI 214,697 55.7% 55.6% 56.4% 55.9%
4 BOLLMAN PLACE Savage, MD 98,745 100.0% 100.0% 100.0% 100.0%
5 FOREST PARK Charlotte, NC 62,212 100.0% 100.0% 100.0% 100.0%
6 CENTENNIAL Colorado Springs, CO 110,730 78.5% 78.5% 78.5% 78.5%
7 MEADOW POINT Chantilly, VA 138,538 51.5% 50.7% 80.6% 70.9%
8 TIMBERLAKE Chesterfield, MO 232,766 99.0% 99.0% 99.0% 99.0%
9 FEDERAL WAY Federal Way, WA 117,010 26.1% 26.1% 28.3% 26.9%
10 NORTHWEST POINT Elk Grove Village, IL 176,848 100.0% 100.0% 100.0% 100.0%
11 TIMBERLAKE EAST Chesterfield, MO 116,197 100.0% 100.0% 100.0% 100.0%
12 PARK TEN Houston, TX 155,715 66.0% 63.4% 49.8% 54.8%
13 MONTAGUE San Jose, CA 145,951 100.0% 100.0% 100.0% 100.0%
14 ADDISON Addison, TX 293,787 61.3% 61.3% 92.7% 71.8%
15 COLLINS CROSSING Richardson, TX 298,766 100.0% 100.0% 100.0% 100.0%
16 GREENWOOD PLAZA Englewood, CO 199,077 100.0% 100.0% 30.6% 53.7%
17 RIVER CROSSING Indianapolis, IN 205,059 94.7% 94.7% 94.7% 94.7%
18 LIBERTY PLAZA Addison, TX 218,934 77.8% 74.4% 78.0% 77.7%
19 INNSBROOK Glen Allen, VA 303,745 34.7% 25.4% 31.3% 31.3%
20 380 INTERLOCKEN Broomfield, CO 240,184 87.0% 87.0% 89.7% 88.8%
21 BLUE LAGOON Miami, FLA 212,619 100.0% 100.0% 100.0% 100.0%
22 ELDRIDGE GREEN Houston, TX 248,399 100.0% 100.0% 100.0% 100.0%
23 WILLOW BEND Plano, TX 116,622 49.8% 49.8% 49.8% 49.8%
24 ONE OVERTON PARK Atlanta, GA 387,267 90.3% 90.3% 91.5% 91.0%
25 390 INTERLOCKEN Broomfield, CO 241,516 98.5% 98.5% 98.3% 98.3%
26 EAST BALTIMORE Baltimore, MD 325,445 94.4% 94.7% 95.3% 95.3%
27 PARK TEN PHASE II Houston, TX 156,746 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%
29 LOUDOUN TECH Dulles, VA 135,888 100.0% 100.0% 100.0% 100.0%
30 4807 STONECROFT Chantilly, VA 111,469 100.0% 100.0% 100.0% 100.0%
31 EDEN BLUFF Eden Prairie, MN 153,028 100.0% 100.0% 100.0% 100.0%
32 3150 FAIRVIEW PARK DRIVE Falls Church, VA 252,613 100.0% 100.0% 100.0% 100.0%
33 121 SOUTH EIGHTH STREET
 (Acq 06/29/10)
Minneapolis, MN 474,646 n/a n/a 89.8% 89.8%
  TOTAL WEIGHTED AVERAGE   6,418,835 85.4% 84.7% 85.3% 84.6%
               
  * % 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 second quarter earnings conference call anticipated to occur during the week ending August 6, 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
    Franklin Street Properties Corp.
    877-686-9496