Franklin Street Properties Corp. Announces the Completion of the Sale of One Overton Park, One Ravinia Drive and Two Ravinia Drive for Aggregate Gross Proceeds of $219.5 Million
WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the Company, FSP, our or we) (NYSE American: FSP), a real estate investment trust (REIT), announced today the completion of the sale of One Overton Park, One Ravinia Drive and Two Ravinia Drive (together, the Properties) for aggregate gross proceeds of $219.5 million. The Company expects to record an aggregate gain of approximately $23 million in the second quarter of 2021 in connection with the sale of the Propertie
Franklin Street Properties Corp. Announces the Completion of the Sale of One Overton Park, One Ravinia Drive and Two Ravinia Drive for Aggregate Gross Proceeds of $219.5 Million
WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the Company, FSP, our or we) (NYSE American: FSP), a real estate investment trust (REIT), announced today the completion of the sale of One Overton Park, One Ravinia Drive and Two Ravinia Drive (together, the Properties) for aggregate gross proceeds of $219.5 million. The Company expects to record an aggregate gain of approximately $23 million in the second quarter of 2021 in connection with the sale of the Propertie