Franklin Acquires Flex Assets for $19M

STERLING, VA-Wakefield, MA-based Franklin Street Properties Corp. has acquired two buildings here for $18.5 million. Fully leased, these ten-year old office/flex buildings total 135,000 square feet. Tenants are using them for storage and light assembly/manufacturing. Franklin did not return a call to GlobeSt.com in time for publication.

Franklin, which has an office and industrial footprint in the Mid-Atlantic as well as the Mid-West, has been increasing its acquisitions this year. Earlier this month it also acquired a four-story office building in Maryland Heights, MO., for $19.75 million. Completed in 2008, the 127,000-square-foot office building is 100% leased.