Franklin Street Properties Corp. Announces First Lease at its Forest Park Redevelopment Property in Charlotte, North Carolina

Franklin Street Properties Corp. (FSP, our or we) (NYSE American: FSP), a real estate investment trust (REIT), announced today that it executed the first lease agreement at its Forest Park redevelopment property in Charlotte, North Carolina.

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Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Monday, April 6, 2020
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Other Construction & Property, Commercial Building & Real Estate, Construction & Property, REIT, Service companies, Willis Tower, Real estate investment trust, Towers Watson, Consulting, Tourist attractions in the United States
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North Carolina, Massachusetts, United States
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FRANKLIN STREET PROPERTIES CORP.
Summary
Key Points: 
  • Franklin Street Properties Corp. (FSP, our or we) (NYSE American: FSP), a real estate investment trust (REIT), announced today that it executed the first lease agreement at its Forest Park redevelopment property in Charlotte, North Carolina.
  • Willis Towers Watson will occupy approximately 22,000 square feet at Forest Park, representing approximately 35% of the redevelopment propertys total rentable square footage.
  • George J. Carter, Chairman and Chief Executive Officer of Franklin Street Properties Corp., said, We welcome Willis Towers Watson to our Forest Park property and look forward to building a long-lasting relationship.
  • 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.


Franklin Street Properties Corp. (“FSP”, “our” or “we”) (NYSE American: FSP), a real estate investment trust (REIT), announced today that it executed the first lease agreement at its Forest Park redevelopment property in Charlotte, North Carolina. Willis Towers Watson will occupy approximately 22,000 square feet at Forest Park, representing approximately 35% of the redevelopment property’s total rentable square footage. The lease agreement has an initial term of 11 years.

George J. Carter, Chairman and Chief Executive Officer of Franklin Street Properties Corp., said, “We welcome Willis Towers Watson to our Forest Park 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 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.

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