Franklin Street Properties Corp. Announces New 43,500 Square Foot Lease at its Timberlake East Property in Chesterfield, Miss...
February 23 2015 - 4:49PM
Business Wire
Franklin Street Properties Corp. (the “Company”, “FSP”, “our” or
“we”) (NYSE MKT: FSP), a real estate investment trust (REIT),
announced today that it has entered into a 5-year lease of
approximately 43,500 square feet with Energizer Holdings, Inc. at
its Timberlake East property located at 1350 Timberlake Manor
Parkway in Chesterfield, Missouri.
George J. Carter, President and Chief Executive Officer of FSP,
commented, “This new lease will absorb approximately 22% of the
total office space that was vacated by RGA Reinsurance Company upon
the expiration of its lease on December 31, 2014. We are excited
that the market has been receptive and responsive to the former RGA
space. The economic terms and conditions of this new lease are
generally consistent with those outlined during our earnings
conference call on February 18, 2015. We welcome the opportunity to
build a positive and enduring relationship with a world-class
organization such as Energizer Holdings, Inc. and are pleased that
they have decided to make Timberlake East a part of their
business.”
This press release, along with other news about FSP, is
available on the Internet at www.franklinstreetproperties.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 investing in institutional-quality
office properties in the U.S. FSP’s strategy is to invest in select
urban infill and central business district (CBD) properties, with
primary emphasis on our top five markets of Atlanta, Dallas,
Denver, Houston, and Minneapolis. 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.franklinstreetproperties.com.
For Franklin Street Properties Corp.John Demeritt,
877-686-9496
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