FRANKLIN STREET PROPERTIES CORP /MA/ 8-K

What Happened

• Franklin Street Properties Corp. (FSP) announced the closing on July 8, 2026 of the sale of two office buildings at 6550 and 6560 Greenwood Plaza Boulevard in Englewood, Colorado (about 196,236 sq. ft.).
• The buyer was University of Colorado Health and the gross purchase price was $19,356,000. The sale was made by FSP Greenwood Plaza Corp., a wholly‑owned subsidiary, under a Purchase and Sale Agreement dated May 26, 2026, as amended June 30, 2026. FSP reported no other material relationships with the buyer.

Key Details

• Property size: ~196,236 square feet (two office buildings).
• Closing date: July 8, 2026; Purchase price: $19,356,000.
• Use of proceeds: ~ $8.5 million used to repay debt (including interest and fees); remaining proceeds retained for tenant improvements, leasing commissions, building improvements and other general corporate uses.
• FSP filed unaudited pro forma condensed consolidated financial statements (Exhibit 99.1) showing the effect of the sale.

Why It Matters

• The transaction removes a ~196k sq. ft. office asset from FSP’s portfolio and converts that asset into cash, which the company partially used to reduce debt and will use to fund leasing and property improvements.
• For investors, this affects FSP’s asset base and liquidity profile; the company provided pro forma financials so stakeholders can see the near‑term financial impact of the disposition. No specific guidance on earnings or future revenue impact was provided in the filing.