Franklin Street Properties Corp. Announces Leasing Activity at One Ravinia Drive in Atlanta, Georgia

WAKEFIELD, Mass.--()--Franklin Street Properties Corp. (the “Company”, “FSP”, “we” or “our”) (NYSE American: FSP), a real estate investment trust (REIT), announced that it has finalized a lease renewal with T-Mobile South LLC, d/b/a T-Mobile (“T-Mobile”) at One Ravinia Drive in Atlanta, Georgia.

The lease renewal with T-Mobile extends the approximately 151,792 square foot tenancy through August 2025. T-Mobile has been a tenant at One Ravinia Drive since 2007.

George J. Carter, Chairman and Chief Executive Officer, commented as follows:

“We greatly value and are pleased to continue building a long-lasting relationship with T-Mobile at One Ravinia Drive in Atlanta, Georgia.”

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.

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, 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.

Contacts

For Franklin Street Properties Corp.
Georgia Touma, 877-686-9496

Contacts

For Franklin Street Properties Corp.
Georgia Touma, 877-686-9496