Franklin Street Properties Adds BofA, JLL Securities to Strategic Review

Wakefield, MA-based office REIT Franklin Street Properties Corp. has expanded its ongoing strategic alternatives review process to include BofA Securities and Jones Lang LaSalle Securities, LLC as co-financial advisors in an expansion of its ongoing strategic review process. The company launched the strategic review in May 2025..

Franklin Street said it intends to continue evaluating a range of strategic alternatives to maximize value for shareholders. These alternatives may include a sale or merger of the company, sales of individual assets or groups of assets, joint ventures or other capital structure or strategic transactions.

George J. Carter, chairman and CEO, said, “We believe that having our advisory team include both BofA Securities and JLL Securities strengthens our ability to evaluate and pursue a wide range of potential outcomes. Each firm brings distinct expertise and market perspective, and together they provide the breadth and depth needed to effectively navigate the current environment and identify opportunities to enhance shareholder value.”

Pictured: Franklin Street’s PwC Plaza in Minneapolis.