FSP · 10-Q · 2026Q1 · Full report

Acquisition / Partnership / Divestiture

FRANKLIN STREET PROPERTIES CORP /MA/ · 2026-04-28 · Importance 41 · Surprise 42

The Company has entered into an Inspection and Confidentiality Agreement with a potential owner-user for its Greenwood Plaza property and is negotiating a Purchase and Sale Agreement with that buyer. Closing would be subject to the buyer’s completion of due diligence, negotiation and execution of a Purchase and Sale Agreement and satisfaction of customary closing conditions. Greenwood Plaza is part of the Company’s Denver (West) portfolio of properties totaling 2,143,441 net rentable square feet and representing 63.2% weighted occupancy as of March 31, 2026. Management indicated the potential sale is being evaluated as part of its ongoing strategic review intended to maximize shareholder value.

Key facts

• The $320 million secured credit facility includes up to $45 million of delayed draw term loans available upon lender approval for tenant improvements, leasing commissions, building improvements and other lender-approved uses.