WAKEFIELD, Mass.–(BUSINESS WIRE)–Franklin Street Properties Corp. (NYSE American: FSP), a real estate investment trust (REIT), announced today that it entered into a lease agreement with Lennar Homes, LLC for its new corporate headquarters. Lennar will occupy approximately 156,000 square feet at Franklin Street Properties Corp.’s Blue Lagoon property in Miami, Florida. The lease has an initial term of 16 years.
George J. Carter, Chairman and Chief Executive Officer of Franklin Street Properties Corp. said:
“We welcome Lennar, one of America’s leading homebuilders, to our Blue Lagoon property and look forward to building a long-lasting relationship.”
This press release, along with other news about FSP, is available on the Internet at www.fspreit.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 infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select opportunistic markets. 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.