Franklin Street Properties Corp. Announces New Lease at 801 Marquette Avenue and 121 South Eighth Street in Minneapolis
September 14 2020 - 4:01PM
Business Wire
Franklin Street Properties Corp. (“FSP”, “our” or “we”) (NYSE
American: FSP), a real estate investment trust (REIT), announced
today that it entered into a new lease for space at its 801
Marquette Avenue redevelopment property and its 121 South Eighth
Street property in Minneapolis, Minnesota. Deluxe Corporation will
lease approximately 71,000 square feet at 801 Marquette Avenue and
approximately 23,000 square feet at 121 South Eighth Street, for a
combined total of approximately 94,000 square feet. 801 Marquette
Avenue and 121 South Eighth Street are now each stabilized at
approximately 92% leased. The lease has an initial term of
approximately 16 years.
George J. Carter, Chairman and Chief Executive Officer of FSP,
commented as follows:
“We welcome Deluxe Corporation to 801 Marquette Avenue and 121
South Eighth Street 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
news and information as soon as it is posted, to sign up for E-mail
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.
Forward-Looking Statements
Statements made in this press release that state FSP’s or
management’s 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 “Risk Factors” 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20200914005685/en/
For Franklin Street Properties Corp. Georgia Touma,
877-686-9496
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