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Franklin Street Properties Corp. Reveals Leasing Activity

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Franklin Street Properties Corp. has entered into a lease with Common Grounds Minneapolis I, LLC at 801 Marquette Avenue in Minneapolis, Minnesota, and that it finalized a lease renewal with VMware, Inc. at 380 Interlocken in Broomfield, Colorado.

The lease with Common Grounds is for approximately 27,478 square feet and has a term of 130-months from the commencement date. The lease is scheduled to expire in 2030.

The lease renewal with VMware extended the term of the existing approximately 95,754 square foot lease from October 31, 2018 to May 31, 2026. VMware has been a tenant at 380 Interlocken since 2008.

George J. Carter, Chairman and Chief Executive Officer, said that he welcomes the opportunity to build a new relationship with Common Grounds. “We greatly value and are pleased to continue our long-lasting relationship with VMware.”

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 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.