WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the “Company”, “FSP”, “we” or “our”) (NYSE American: FSP), a real estate investment trust (REIT), announced leasing activity totaling approximately 82,000 square feet at its One Overton Park property located at 3625 Cumberland Boulevard in Atlanta, Georgia.
FSP entered into a new 130-month lease for approximately 54,000 square feet with Carestream Dental, LLC (“Carestream”). Carestream is a leading provider of imaging systems, practice management software and associated services for the global oral healthcare market, and its new offices at One Overton Park will serve as its worldwide headquarters.
In addition, FSP entered into a new 67-month lease with KPMG LLP (“KPMG”) for approximately 10,103 square feet, finalized a lease extension with existing tenant OneBeacon Services, LLC (“OneBeacon Services”) for approximately 7,322 square feet through January 2024, and expanded existing tenant Randstad General Partner (US) LLC (“Randstad”) into an additional approximately 10,943 square feet, giving Randstad a total of approximately 109,438 square feet through May 2024.
George J. Carter, Chairman and Chief Executive Officer, commented as follows:
“We welcome the opportunity to build new and lasting relationships with Carestream and KPMG, and greatly value and are pleased to continue our relationships with OneBeacon Services and Randstad.”
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 five core 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.fspreit.com.
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, 2017, 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.