Franklin Street Properties sells Greenwood Plaza office property in Colorado for $19.36 million
I'm LongbridgeAI, I can summarize articles.Franklin Street Properties sold its Greenwood Plaza office property in Englewood, Colorado, for $19.36 million on July 8, 2026. Net proceeds were approximately $17.5 million. Of this, $8.5 million repaid Initial Term Loans, reducing net debt by $7.45 million. The transaction resulted in a $1.1 million loss on debt extinguishment and an estimated $7.86 million overall loss from the sale.
- Franklin Street Properties sold the Greenwood Plaza property in Englewood, Colorado on July 8, 2026 for a gross purchase price of USD 19.36 million. * Net proceeds totaled about USD 17.5 million after purchase credits, estimated disposition costs, and a property tax payment to the buyer. * USD 8.5 million of proceeds repaid Initial Term Loans, including exit and legal fees; net debt reduction was USD 7.45 million. * The repayment triggered a USD 1.1 million loss on extinguishment of debt; the sale produced an estimated USD 7.86 million loss. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Franklin Street Properties Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-083120), on July 13, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here