Franklin Street Properties Corp. Chooses Cassidy Turley to Lease and Manage Timberlake Corporate Center in Chesterfield, MO

ST. LOUIS, June 14, 2012 /PRNewswire/ -- Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that Boston-based Franklin Street Properties Corp. (NYSE Amex: FSP) has chosen the firm to lease and manage Timberlake Corporate Center.

Timberlake Corporate Center includes three buildings at 1350, 1370 and 1390 Timberlake Manor Parkway in suburban Chesterfield, MO, that total 348,963 square feet of Class-A office space. Timberlake Corporate Center marks Cassidy Turley's first assignment on behalf of Franklin Street Properties Corp. in metro St. Louis.

Cassidy Turley's Jim Mosby, Managing Director and Principal, and D.J. Fuchs, Associate, will lead leasing efforts, while Lindsey Kriegshauser, Senior Property Manager, will lead property management at Timberlake Corporate Center.

"Working with Franklin Street Properties Corp. on Timberlake Corporate Center provides us the opportunity to work with a best-in-class institutional investor and asset," said Tim Walsh, Cassidy Turley Managing Principal. "With Franklin Street and Timberlake Corporate Center, we'll soon entertain corporate and entrepreneurial prospects seeking one of the few contiguous large blocks of Class-A office space in metro St. Louis. This prime, suburban location offers an outstanding opportunity for end users seeking the combination of prestigious office space near a range of amenities, residential offerings and prime West County transit arteries."

About Cassidy Turley

Cassidy Turley is a leading commercial real estate services provider with more than 3,600 professionals in more than 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2011, manages 455 million square feet on behalf of institutional, corporate and private clients and supports more than 28,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.

About Franklin Street Properties Corp.

Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on achieving current income and long-term growth through investments in commercial properties. The majority of FSP's property portfolio is suburban office buildings, with select investments in certain central business district properties. FSP is a Maryland corporation that operates in a manner intended to qualify as a real estate investment trust (REIT) for federal income tax purposes. To learn more about FSP please visit our website at www.franklinstreetproperties.com.

SOURCE Cassidy Turley