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Boston & New England  + Metro Boston  + Office  |  September 13, 2022
Franklin Street Properties Corp., has sold two office buildings in Broomfield, CO for $102.5 million.
Lisa McDuffie
By: Lisa McDuffie

Franklin Street Properties Corp Sells Twin Colorado Offices for $103M Gross Proceeds

Wakefield, MA-based Franklin Street Properties Corp., has completed the sale of 380 Interlocken Crescent and 390 Interlocken Crescent in the Denver submarket of Broomfield, CO for aggregate gross proceeds of $102.5 million.

The two office buildings, located about halfway between Boulder and Denver, comprise 240,000 and 242,000 square feet. Both are 10 stories and hold LEED GOLD and Energy Star certification.

The company expects to record an aggregate gain of approximately $24 million in the third quarter of 2022 in connection with the sale of the properties and plans to use proceeds from the sale primarily for debt reduction.

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Franklin Street Properties Corp.

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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