Franklin Street Properties sells Colorado office buildings for $19.4 million
Franklin Street Properties closed the July 8, 2026 sale of two office buildings at 6550 and 6560 Greenwood Plaza Boulevard in Englewood, Colorado, to University of Colorado Health. The filing's pro forma financials show the sale would have increased the company's reported net loss for 2025, including an estimated loss on sale, though about $8.5 million of proceeds went to debt repayment.
Key points
- Gross purchase price of $19.4 million for roughly 196,236 square feet, closed July 8, 2026
- About $8.5 million of proceeds used to repay debt, including interest and fees; the remainder is retained for tenant improvements, leasing commissions, building improvements and general corporate uses
- Pro forma 2025 net loss of $52.7 million ($0.51 per share) versus $45.0 million ($0.43 per share) as reported, reflecting an estimated $7.9 million loss on sale
The filing
Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 13, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.