UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 8, 2026
|
Franklin Street Properties Corp. |
(Exact name of registrant as specified in its charter)
| | |
Maryland | 001-32470 | 04-3578653 |
(State or other jurisdiction | (Commission | (IRS Employer |
| |
401 Edgewater Place, Suite 200, Wakefield, | 01880 |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (781) 557-1300
|
(Former name or former address, if changed since last report.) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | | Trading Symbol (s) | | Name of each exchange on which registered |
Common Stock, $.0001 par value per share | | FSP | | NYSE American |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
1
ITEM 2.01. Completion of Acquisition or Disposition of Assets.
On July 8, 2026, FSP Greenwood Plaza Corp. (the “Seller”), a wholly-owned subsidiary of Franklin Street Properties Corp. (the “Registrant”), closed on the sale of the office buildings located at 6550 and 6560 Greenwood Plaza Boulevard, Englewood, Colorado containing approximately 196,236 square feet (the “Property”) to University of Colorado Health (the “Buyer”), pursuant to a Purchase and Sale Agreement dated May 26, 2026, as amended by a First Amendment to Purchase and Sale Agreement dated June 30, 2026 (as amended, the “Agreement”). There were no material relationships, other than in respect of the Agreement, among the Seller and the Buyer, or any of their respective affiliates. The gross purchase price for the Property was $19,356,000. The Registrant used approximately $8,500,000 of the proceeds from the sale of the Property for the repayment of debt, including interest and fees, with the balance to be retained by the Registrant and available to fund tenant improvements, leasing commissions, building improvements and other general corporate uses.
.
ITEM 9.01. Financial Statements and Exhibits.
(b)Pro forma financial information.
The pro forma financial information of the Registrant as adjusted to give effect to the sale of the Property is presented in the unaudited pro forma condensed consolidated financial statements filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
(d)Exhibits.
The following exhibits are filed herewith:
EXHIBIT NO.DESCRIPTION OF EXHIBITS
99.1 | Unaudited Pro Forma Condensed Consolidated Financial Statements. |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| FRANKLIN STREET PROPERTIES CORP. | |
| | |
Date: July 13, 2026 | By: | /s/ Scott H. Carter |
| | Scott H. Carter |
| | Executive Vice President, General Counsel and Secretary |
3