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Franklin Street Properties Buys Class A Office Building for $158M

Jamestown Sells 28-Story 999 Peachtree Street
By Kasandra Moultrie
July 5, 2013 | 10:10 P.M.

Franklin Street Properties Corp. (NYSE:FSP), a Massachusetts-based company that invests in institutional-quality office buildings throughout the U.S., expanded its Atlanta portfolio with the acquisition of the 28-story office building at 999 Peachtree St., NE. FSP acquired the building from Atlanta-based Jamestown for $157.9 million, or about $254 per square foot.

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News | Franklin Street Properties Buys Class A Office Building for $158M