---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-019623"
form_type: "8-K"
ticker: "FSP"
cik: "0001031316"
company_name: "FRANKLIN STREET PROPERTIES CORP /MA/"
filed_at: "2023-12-07T23:59:59+00:00"
generated_at: "2026-06-07T15:58:56.336194+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Franklin Street Properties sells two office properties for $116M total; proceeds for debt repayment

## Summary
- Closed sale of Blue Lagoon Dr, Miami (213,182 sq ft) for $68M on Dec 6, 2023.
- Closed sale of 7500 Dallas Pkwy, Plano, TX for $48M on Oct 26, 2023.
- Combined gross proceeds of $116M; primarily for repaying debt.
- Pro forma net loss per share improves to ($0.34) for 9M 2023 from historical ($0.50).

## SEC filing metadata
- accession: 0001558370-23-019623
- form_type: 8-K
- ticker: FSP
- cik: 0001031316
- company_name: FRANKLIN STREET PROPERTIES CORP /MA/
- filed_at: 2023-12-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031316/000155837023019623/0001558370-23-019623-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031316/000155837023019623/fsp-20231206x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-019623
- JSON: https://secwatch.observer/filing/0001558370-23-019623.json
- Plain text: https://secwatch.observer/filing/0001558370-23-019623.txt

## Key facts
- M&A Transactions
  FRANKLIN STREET PROPERTIES CORP /MA/ completed a disposition involving LEN Blue Lagoon, LLC (as successor-in-interest to Lennar Homes, LLC) for gross purchase price was $68,000,000 (closed 2023-12-06).
  - Action: disposition
  - Counterparty: LEN Blue Lagoon, LLC (as successor-in-interest to Lennar Homes, LLC)
  - Consideration: gross purchase price was $68,000,000
  - Closing: 2023-12-06
  source text: other than in respect of the Agreement and the Lease, among the Seller and the Buyer, or any of their respective affiliates. The gross purchase price for the Property was $68,000,000. The Registrant intends to use the proceeds from the sale of the Property primarily for the repayment of debt. --- EX-99.1 (EX-99.1) --- SELECTED COMBINING CONDENSED
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031316/000155837023019623/0001558370-23-019623-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.