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Company NameFranklin Street Properties Corporation
Offering TypeFollow-On
DescriptionCommon stock, $0.0001 par value
ISINUS35471R1068
Currency of IssueUSD
Trading Symbol (Exchange)FSP (NYSE MKT)
 
Announcement Date9/17/2009
Trade Date9/17/2009
Settlement Date9/23/2009
Completion Date9/17/2009
Overallotment Expiration10/23/2009
Lock-up Expiration12/16/2009
Date Overallotment Exercised9/23/2009
Shelf Filing Date4/29/2009
 
144a?No
Mandatory Redemption?No
Convertible?No
Exchange for Existing Issue?No

Use of Proceeds
The net proceeds of this offering will be used for the repayment of outstanding indebtedness incurred by the company under unsecured revolving line of credit for the recent acquisition of properties, including an aggregate of approximately $51.6 million drawn down in June 2009 for the acquisition of properties in Eden Prairie, Minnesota and Chantilly, Virginia. The additional proceeds will be used for potential real estate acquisitions, including a portion of the purchase price for the Falls Church, Virginia property, and for other general corporate purposes.

Pricing
Offer Price ($)13.0000
Gross Amount Offered ($000)104,000
Amount Including Overallotment ($000)119,600
Shares Offered8,000,000
Total Shares Offered9,200,000

Overallotments
Overallotment Amount Available ($000)15,600
Overallotment Shares Available1,200,000
Overallotment Amount Exercised ($000)15,600
Overallotment Shares Exercised1,200,000

Underwriting Fees
Gross Spread ($)0.39
Gross Spread (%)3.00
Sales Concession ($)0.23
Reallowance ($)0.10

UnderwritersShares UnderwrittenAmount Underwritten($000)
Book Manager(s)
  Robert W. Baird & Co. Incorporated8,000,000104,000

Professionals
Issuer's CounselWilmer Cutler Pickering Hale and Dorr, LLP
Underwriter's CounselGoodwin Procter, LLP
Auditor(s)Ernst & Young LLP

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