{"id":415180,"date":"2021-01-14T11:33:33","date_gmt":"2021-01-14T16:33:33","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=415180"},"modified":"2021-01-14T11:33:33","modified_gmt":"2021-01-14T16:33:33","slug":"franklin-street-properties-corp-announces-leasing-updates","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/franklin-street-properties-corp-announces-leasing-updates\/","title":{"rendered":"Franklin Street Properties Corp. Announces Leasing Updates"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Franklin Street Properties Corp. Announces Leasing Updates<\/b><\/p>\n<p>WAKEFIELD, Mass.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nFranklin Street Properties Corp. (the \u201cCompany\u201d, \u201cFSP\u201d, \u201cits\u201d, \u201cour\u201d or \u201cwe\u201d) (NYSE American: FSP), a real estate investment trust (REIT), announced today leasing updates, effective in the fourth quarter of 2020, at its Timberlake Corporate Center property in Chesterfield, Missouri and at its Meadow Point property in Chantilly, Virginia.\n<\/p>\n<p><b><span class=\"bwuline\">Timberlake Corporate Center, Chesterfield, Missouri<\/span><\/b><\/p>\n<p>\nExisting tenant Centene Management Company entered into an amendment to its lease to extend and expand its leased square footage by approximately 100,000 rentable square feet, from approximately 217,000 rentable square feet to approximately 317,000 rentable square feet. The term was extended by 84-months, with the term of the lease now expiring on June 30, 2030.\n<\/p>\n<p><b><span class=\"bwuline\">Meadow Point, Chantilly, Virginia<\/span><\/b><\/p>\n<p>\nExisting tenant Booz Allen Hamilton entered into an amendment to its lease to extend and expand its leased square footage by approximately 29,000 rentable square feet, from approximately 34,000 rentable square feet to approximately 63,000 rentable square feet. The term of the expansion is 67-months, with the term of the lease now expiring on July 31, 2027.\n<\/p>\n<p>\nGeorge J. Carter, Chairman and Chief Executive Officer of FSP, commented as follows:\n<\/p>\n<p>\n\u201cThese expansions bring Timberlake Corporate Center to 100% leased and Meadow Point to 91.1% leased. We greatly value and are pleased to continue our long-standing relationships with Centene and Booz Allen Hamilton.\u201d\n<\/p>\n<p><b>About Franklin Street Properties Corp.<\/b><\/p>\n<p>\nFranklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select opportunistic markets. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income. 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 <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.fspreit.com.&amp;esheet=52362035&amp;newsitemid=20210114005776&amp;lan=en-US&amp;anchor=www.fspreit.com.&amp;index=1&amp;md5=220163c8be46e0912de861c7367656b7\">www.fspreit.com.<\/a><\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nStatements made in this press release that state FSP\u2019s or management\u2019s intentions, beliefs, expectations, or predictions for the future may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This press release may also contain forward-looking statements based on current judgments and current knowledge of management, which are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those indicated in such forward-looking statements. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements. Investors are cautioned that our forward-looking statements involve risks and uncertainty. See the \u201cRisk Factors\u201d set forth in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2019, as the same may be updated from time to time in subsequent filings with the United States Securities and Exchange Commission. Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210114005776r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210114005776\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210114005776\/en\/<\/a><\/span><\/p>\n<p>\nFor Franklin Street Properties Corp.<br \/>\n<br \/>Georgia Touma, 877-686-9496\n<\/p>\n<p><b>KEYWORDS:<\/b> Massachusetts United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Commercial Building &amp; Real Estate Construction &amp; Property REIT<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210114005776\/en\/365211\/3\/FSP-logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Franklin Street Properties Corp. Announces Leasing Updates WAKEFIELD, Mass.&#8211;(BUSINESS WIRE)&#8211; Franklin Street Properties Corp. (the \u201cCompany\u201d, \u201cFSP\u201d, \u201cits\u201d, \u201cour\u201d or \u201cwe\u201d) (NYSE American: FSP), a real estate investment trust (REIT), announced today leasing updates, effective in the fourth quarter of 2020, at its Timberlake Corporate Center property in Chesterfield, Missouri and at its Meadow Point property in Chantilly, Virginia. Timberlake Corporate Center, Chesterfield, Missouri Existing tenant Centene Management Company entered into an amendment to its lease to extend and expand its leased square footage by approximately 100,000 rentable square feet, from approximately 217,000 rentable square feet to approximately 317,000 rentable square feet. The term was extended by 84-months, with the term of the lease now expiring on June 30, 2030. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/franklin-street-properties-corp-announces-leasing-updates\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Franklin Street Properties Corp. Announces Leasing Updates&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-415180","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Franklin Street Properties Corp. Announces Leasing Updates - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/franklin-street-properties-corp-announces-leasing-updates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Franklin Street Properties Corp. Announces Leasing Updates - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Franklin Street Properties Corp. Announces Leasing Updates WAKEFIELD, Mass.&#8211;(BUSINESS WIRE)&#8211; Franklin Street Properties Corp. (the \u201cCompany\u201d, \u201cFSP\u201d, \u201cits\u201d, \u201cour\u201d or \u201cwe\u201d) (NYSE American: FSP), a real estate investment trust (REIT), announced today leasing updates, effective in the fourth quarter of 2020, at its Timberlake Corporate Center property in Chesterfield, Missouri and at its Meadow Point property in Chantilly, Virginia. Timberlake Corporate Center, Chesterfield, Missouri Existing tenant Centene Management Company entered into an amendment to its lease to extend and expand its leased square footage by approximately 100,000 rentable square feet, from approximately 217,000 rentable square feet to approximately 317,000 rentable square feet. The term was extended by 84-months, with the term of the lease now expiring on June 30, 2030. &hellip; Continue reading &quot;Franklin Street Properties Corp. 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