Franklin Street Properties Corp. Announces New Lease at its Blue Lagoon Property in Miami, Florida
September 20 2019 - 8:45AM
Business Wire
Franklin Street Properties Corp. (NYSE American: FSP), a real
estate investment trust (REIT), announced today that it entered
into a lease agreement with Lennar Homes, LLC for its new corporate
headquarters. Lennar will occupy approximately 156,000 square feet
at Franklin Street Properties Corp.’s Blue Lagoon property in
Miami, Florida. The lease has an initial term of 16 years.
George J. Carter, Chairman and Chief Executive Officer of
Franklin Street Properties Corp. said:
“We welcome Lennar, one of America’s leading homebuilders, to
our Blue Lagoon property and look forward to building a
long-lasting relationship.”
This press release, along with other news about FSP, is
available on the Internet at www.fspreit.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
about us and, if they are interested in automatically receiving
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Alerts.
About Franklin Street Properties Corp.
Franklin 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 www.fspreit.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20190920005034/en/
For Franklin Street Properties Corp. Georgia Touma,
877-686-9496
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