<SEC-DOCUMENT>0001031316-16-000003.txt : 20160209
<SEC-HEADER>0001031316-16-000003.hdr.sgml : 20160209
<ACCEPTANCE-DATETIME>20160209163843
ACCESSION NUMBER:		0001031316-16-000003
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20160205
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160209
DATE AS OF CHANGE:		20160209

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FRANKLIN STREET PROPERTIES CORP /MA/
		CENTRAL INDEX KEY:			0001031316
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				042724223
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32470
		FILM NUMBER:		161400486

	BUSINESS ADDRESS:	
		STREET 1:		401 EDGEWATER PLACE
		STREET 2:		STE 200
		CITY:			WAKEFIELD
		STATE:			MA
		ZIP:			01880
		BUSINESS PHONE:		7815571300

	MAIL ADDRESS:	
		STREET 1:		401 EDGEWATER PLACE
		STREET 2:		STE 200
		CITY:			WAKEFIELD
		STATE:			MA
		ZIP:			01880

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FRANKLIN STREET PARTNERS LP
		DATE OF NAME CHANGE:	20010301
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>fsp-20160205x8k.htm
<DESCRIPTION>8-K
<TEXT>
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			fsp_current_folio_8k_20160209
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			<a name="_GoBack"></a><font style="display:inline;font-weight:bold;">UNITED STATES</font>
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			<font style="display:inline;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</font>
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			<font style="display:inline;font-weight:bold;">FORM 8-K</font>
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			<font style="display:inline;">&nbsp;</font>
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			<font style="display:inline;font-weight:bold;">CURRENT REPORT</font>
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			<font style="display:inline;font-weight:bold;">PURSUANT TO SECTION 13 OR 15(d) OF</font>
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			<font style="display:inline;font-weight:bold;">THE SECURITIES EXCHANGE ACT OF 1934</font>
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			<font style="display:inline;">Date of Report (Date of Earliest Event Reported):&nbsp; </font><font style="display:inline;font-weight:bold;text-decoration:underline;">&nbsp;</font><font style="display:inline;font-weight:bold;text-decoration:underline;">February 5, 2016</font>
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			<font style="display:inline;">&nbsp;</font>
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			<font style="display:inline;">&nbsp;</font>
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			<font style="display:inline;font-weight:bold;text-decoration:underline;">FRANKLIN STREET PROPERTIES CORP</font><font style="display:inline;font-weight:bold;text-decoration:underline;">.</font>
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			<font style="display:inline;">(Exact Name of Registrant as Specified in Charter)</font>
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					<p style="margin:0pt;border-bottom:1pt solid #000000 ;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-weight:bold;">Maryland</font></p>
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						<font style="display:inline;font-weight:bold;">00</font><font style="display:inline;font-weight:bold;">1</font><font style="display:inline;font-weight:bold;">&#8209;</font><font style="display:inline;font-weight:bold;">32470</font></p>
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					<p style="margin:0pt;border-bottom:1pt solid #000000 ;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-weight:bold;">04-3578653</font></p>
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						<font style="display:inline;">(State or Other Jurisdiction</font></p>
					<p style="margin:0pt;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;">of Incorporation)</font></p>
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						<font style="display:inline;">(Commission</font></p>
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						<font style="display:inline;">File No.)</font></p>
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						<font style="display:inline;">(IRS Employer</font></p>
					<p style="margin:0pt;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;">Identification No.)</font></p>
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			<font style="display:inline;">&nbsp;</font>
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			<font style="display:inline;font-weight:bold;text-decoration:underline;">401 Edgewater Place, Suite 200, Wakefield, Massachusetts 01880</font>
		</p>
		<p style="margin:0pt;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">(Address of Principal Executive Office) (Zip Code)</font>
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			<font style="display:inline;">&nbsp;</font>
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			<font style="display:inline;">&nbsp;</font>
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			<font style="display:inline;">Registrant&#x2019;s Telephone Number, Including Area Code:&nbsp; </font><font style="display:inline;font-weight:bold;text-decoration:underline;">(</font><font style="display:inline;font-weight:bold;text-decoration:underline;">781</font><font style="display:inline;font-weight:bold;text-decoration:underline;">) &nbsp;</font><font style="display:inline;font-weight:bold;text-decoration:underline;">557-1300</font>
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			<font style="display:inline;">&nbsp;</font>
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			<font style="display:inline;">&nbsp;</font>
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			<font style="display:inline;font-weight:bold;text-decoration:underline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not Applicable&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>
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			<font style="display:inline;">(Former name or former address, if changed since last report)</font>
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		<p style="margin:5pt 0pt;text-indent:36pt;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions: </font>
		</p>
		<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font>
		</p>
		<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font>
		</p>
		<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font>
		</p>
		<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font>
		</p>
		<p style="margin:9pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p><font size="1"> </font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><p style="margin:9pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;"><font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:9pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-weight:bold;">ITEM 5.02&nbsp;&nbsp;Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:2.05pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">On February 5, 2016, Janet P. Notopoulos informed Franklin Street Properties Corp. (the &#x201C;Company&#x201D;) that, effective as of the close of business on May 12, 2016, she will retire from the Company and resign from her position as the Company&#x2019;s Executive Vice President. In addition, Ms. Notopoulos informed the Company that she will not stand for re-election to the Board of Directors of the Company</font><font style="display:inline;">&nbsp;</font><font style="display:inline;">(the &#x201C;Board&#x201D;) at the Company&#x2019;s 2016 annual meeting of stockholders (the &#x201C;2016 Annual Meeting&#x201D;) and will resign from the Board upon the conclusion of her term as a Class I director, effective as of the 2016 Annual Meeting. Ms.&nbsp;Notopoulos has confirmed that her decisions were not due to a disagreement with the Company on any matter relating to the Company&#x2019;s operations, policies or practices.</font>
		</p>
		<p style="margin:2.05pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:2.05pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;color:#000000;">In addition, the Board has approved a decrease in the number of directors constituting the entire Board from eight members to seven and the</font><font style="display:inline;color:#000000;"> number of Class I directors </font><font style="display:inline;color:#000000;">from three to two, effective as of the 2016 Annual Meeting.&nbsp;&nbsp;With this decrease, the Board will be comprised of seven directors, six of whom will be independent.</font>
		</p>
		<p style="margin:2.05pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">The Company issued a press release announcing the </font><font style="display:inline;">retirement of </font><font style="display:inline;">Ms. Notopoulos on January 9, 2016</font><font style="display:inline;">, a copy of which is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K.&nbsp; </font>
		</p>
		<p style="margin:0pt;text-indent:0pt;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 8pt 72pt;text-indent: -72pt;border-top:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-weight:bold;">ITEM 9.01&nbsp; </font><font style="display:inline;font-weight:bold;color:#000000;">Financial Statements and Exhibits</font><font style="display:inline;font-weight:bold;color:#000000;">.</font>
		</p>
		<p style="margin:6pt 0pt 12pt;text-indent:24.5pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;">(d)&nbsp;&nbsp;&nbsp;&nbsp;Exhibits. </font>
		</p>
		<p style="margin:0pt;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-weight:bold;color:#000000;"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="display:inline;color:#000000;">See Exhibit Index attached hereto.</font>
		</p>
		<p style="margin:0pt 0pt 8pt 54pt;text-indent: -27pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-weight:bold;"></font>
		</p>
		<p style="margin:0pt 0pt 8pt;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-weight:bold;"></font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">

			<font style="display:inline;"></font>

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			&nbsp;

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			&nbsp;

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</div></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><p style="margin:0pt 0pt 8pt;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;"><font style="display:inline;font-weight:bold;">SIGNATURES</font>
		</p>
		<p style="margin:0pt 0pt 8pt;border-bottom:1pt none #D9D9D9 ;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font>
		</p>
		<p style="margin:0pt 0pt 8pt;border-top:1pt none #D9D9D9 ;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:202.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">FRANKLIN STREET PROPERTIES CORP</font><font style="display:inline;">.</font>
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			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:202.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 202.5pt 0pt 0pt;"></font><font style="display:inline;"> &nbsp;&nbsp; </font>
		</p>
		<p style="margin:0pt 0pt 0pt 247.5pt;text-indent: -45pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">By:</font><font style="display:inline;"> &nbsp; &nbsp;</font><font style="display:inline;text-decoration:underline;">/s/ George J. Carter</font>
		</p>
		<p style="margin:0pt;text-indent:225pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">George J. Carter</font>
		</p>
		<p style="margin:0pt;text-indent:225.35pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">President </font><font style="display:inline;">and </font><font style="display:inline;">Chief Executive Officer</font>
		</p>
		<p style="margin:0pt;text-indent:225.35pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:225.35pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font><font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">Date: </font><font style="display:inline;">February 9, 2016</font>
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			<font style="display:inline;"></font>
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		<p><font size="1"> </font></p><div style="width:100%">

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			<font style="display:inline;"></font>

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			&nbsp;

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		<p style="margin:0pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><p style="margin:0pt;text-align:center;border-bottom:1pt none #D9D9D9 ;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;"><font style="display:inline;font-size:11pt;">EXHIBIT INDEX</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
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		<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;">
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						<font style="display:inline;">Exhibit</font><br /><font style="display:inline;">No.</font></p>
				</td>
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					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;">&nbsp;&nbsp;</font></p>
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					<p style="margin:5pt 0pt;border-bottom:1pt solid #000000 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;">Description</font></p>
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				<td valign="top" style="width:07.60%;padding:0pt;">
					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;">99.1</font></p>
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					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:91.34%;padding:0pt;">
					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;">Press release dated February 9</font><font style="display:inline;">, 201</font><font style="display:inline;">6</font></p>
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			<font style="display:inline;">&nbsp;</font>
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		<p style="margin:0pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
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			&nbsp;

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		<p style="margin:0pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr></div>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>fsp-20160205ex9912b181c.htm
<DESCRIPTION>EX-99.1
<TEXT>
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			ex99_1
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	<body><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><div style="width:100%">

		<p style="margin:0pt;text-align:right;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">

			&nbsp;

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</div></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p style="margin:0pt;text-align:right;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<a name="_GoBack"></a><font style="display:inline;font-weight:bold;">Exhibit 99.1</font>
		</p>
		<p style="margin:0pt;text-align:right;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt -36pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 18pt;">
			<font style="display:inline;font-size:18pt;">PRESS RELEASE</font><font style="display:inline;font-size:18pt;;font-size: 18pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:8pt;"></font><font style="display:inline;font-size:8pt;;font-size: 18pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:8pt;"></font><font style="display:inline;font-size:8pt;;font-size: 18pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:8pt;"></font><font style="display:inline;font-size:8pt;;font-size: 18pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:8pt;"></font><font style="display:inline;font-size:18pt;">Franklin Street Properties Corp.</font>
		</p>
		<p style="margin:0pt -36pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 8pt;">
			<font style="display:inline;font-size:8pt;">401 Edgewater Place&nbsp;&nbsp;&nbsp; </font><font style="display:inline;font-size:8pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:8pt;"> &nbsp;&nbsp;&nbsp;Suite 200&nbsp;&nbsp;&nbsp; </font><font style="display:inline;font-size:8pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:8pt;"> &nbsp;&nbsp;&nbsp;Wakefield, Massachusetts&nbsp;&nbsp;01880&nbsp;&nbsp;&nbsp; </font><font style="display:inline;font-size:8pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:8pt;"> &nbsp;&nbsp;&nbsp;(781) 557-1300&nbsp;&nbsp;&nbsp; </font><font style="display:inline;font-size:8pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:8pt;"> &nbsp;&nbsp;&nbsp; </font><font style="display:inline;font-size:8pt;">www.franklinstreetproperties.com</font>
		</p>
		<p style="margin:0pt 4.5pt 0pt 0pt;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;color:#000000;">Contact:&nbsp; </font><font style="display:inline;color:#000000;">Georgia Touma</font><font style="display:inline;color:#000000;">, Investor Relations - 877-686-9496</font>
		</p>
		<p style="margin:0pt 4.5pt 0pt 0pt;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt -36pt 0pt 0pt;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;font-weight:bold;color:#000000;font-size:12pt;">For Immediate Release</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-weight:bold;color:#000000;">Franklin Street Properties Corp. </font><font style="display:inline;font-weight:bold;color:#000000;">Announces</font>
		</p>
		<p style="margin:0pt;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-weight:bold;text-transform:uppercase;">r</font><font style="display:inline;font-family:Times New Roman Bold;font-weight:bold;">etirement of Janet P. Notopoulos</font><font style="display:inline;font-family:Times New Roman Bold;font-weight:bold;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-weight:bold;">WAKEFIELD, MA &#x2013; February 9, 2016</font><font style="display:inline;"> &#x2013; Franklin Street Properties Corp. (the &#x201C;Company&#x201D;, &#x201C;FSP&#x201D;, &#x201C;its&#x201D;, &#x201C;our&#x201D; or &#x201C;we&#x201D;) (NYSE MKT: FSP), a real estate investment trust (REIT), </font><font style="display:inline;color:#000000;">announced today that Janet P. Notopoulos has decided that, effective as of the close of business on May 12, 2016, she will retire from FSP and resign from her position as the Company&#x2019;s Executive Vice President. In addition, Ms. Notopoulos has decided that she will not stand for re-election to the Board of Directors at the Company&#x2019;s 2016 Annual Meeting of Stockholders (the &#x201C;2016 Annual Meeting&#x201D;) and will resign from the Board upon the conclusion of her term as a Class I director, effective as of the 2016 Annual Meeting. Ms. Notopoulos has served on the Board of Directors since 2002. In addition, the Board has approved a decrease in the number of directors constituting the entire Board from eight members to seven and the</font><font style="display:inline;color:#000000;"> number of Class I directors </font><font style="display:inline;color:#000000;">from three to two, effective as of the 2016 Annual Meeting.&nbsp;&nbsp;With this decrease, the Board will be comprised of seven directors, six of whom will be independent.</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;color:#000000;">George J. Carter, Chairman and Chief E</font><font style="display:inline;color:#000000;">xecutive Officer, said, &#x201C;Since </font><font style="display:inline;color:#000000;">joining FSP in </font><font style="display:inline;color:#000000;">1997, Janet has </font><font style="display:inline;color:#000000;">been the architect of the property management platform </font><font style="display:inline;color:#000000;">that helped us achieve our</font><font style="display:inline;color:#000000;"> many successes.&nbsp;&nbsp;&nbsp;H</font><font style="display:inline;color:#000000;">er advice and counsel will be greatly missed.&nbsp; </font><font style="display:inline;color:#000000;">On behalf of the entire FSP team, I</font><font style="display:inline;color:#000000;"> would</font><font style="display:inline;color:#000000;"> like to thank Janet for her enduring dedication and contributions to the Company over the years.&nbsp; </font><font style="display:inline;color:#000000;">We will miss Janet </font><font style="display:inline;color:#000000;">and wish her nothing but the best in the future</font><font style="display:inline;color:#000000;">.&#x201D;</font><font style="display:inline;color:#000000;">&nbsp;</font>
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		<p style="margin:0pt;background-color: #FFFFFF;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;color:#000000;">This press release, along with other news about FSP, is available on the Internet at </font><font style="display:inline;color:#000000;">www.franklinstreetproperties.com</font><font style="display:inline;color:#000000;">. We routinely post information that may be important to investors in the Investor Relations section of our website. We encourage investors to consult that section of our website regularly for important information about us and, if they are interested in automatically receiving news and information as soon as it is posted, to sign up for E-mail Alerts. </font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-weight:bold;color:#000000;">About Franklin Street Properties Corp.</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;color:#000000;">Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on investing in institutional-quality office properties in the U.S. FSP&#x2019;s strategy is to invest in select urban infill and central business district (CBD) properties, with primary emphasis on our top five markets of Atlanta, Dallas, Denver, Houston, and Minneapolis. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income. 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 </font><font style="display:inline;color:#000000;">www.franklinstreetproperties.com</font><font style="display:inline;color:#000000;">. &nbsp;</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;color:#000000;"><img src="fsp20160205ex9912b181c001.gif" style="width: 0.01736111in; height: 0.01736111in" alt="CT?id=bwnews&amp;sty=20140711005521r1&amp;sid=acqr7&amp;distro=nx"></font>
		</p>
		<p style="margin:0pt;text-align:left;color:#000000;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-weight:bold;color:#000000;"></font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-weight:bold;color:#000000;"></font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p><font size="1"> </font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><p style="margin:0pt;background-color: #FFFFFF;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;"><font style="display:inline;font-weight:bold;color:#000000;">Forward-Looking Statements</font><font style="display:inline;color:#000000;">&nbsp;</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;color:#000000;">Statements made in this press release that state FSP&#x2019;s or management&#x2019;s intentions, beliefs, expectations, or predictions for the future may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This press release may also contain forward-looking statements based on current judgments and current knowledge of management, which are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those indicated in such forward-looking statements. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements. Investors are cautioned that our forward-looking statements involve risks and uncertainty, including without limitation, economic conditions in the United States, disruptions in the debt markets, economic conditions in the markets in which we own properties, risks of a lessening of demand for the types of real estate owned by us, changes in government regulations and regulatory uncertainty, uncertainty about governmental fiscal policy, geopolitical events and expenditures that cannot be anticipated such as utility rate and usage increases, unanticipated repairs, additional staffing, insurance increases and real estate tax valuation reassessments. See the &#x201C;Risk Factors&#x201D; set forth in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2014, as the same may be updated from time to time in subsequent filings with the United States Securities and Exchange Commission. Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. We will not update any of the forward-looking statements after the date of this press release to conform them to actual results or to changes in our expectations that occur after such date, other than as required by law. </font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-weight:bold;color:#000000;">&nbsp;</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;text-align:left;color:#000000;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;color:#000000;">For Franklin Street Properties Corp.</font><br /><font style="display:inline;color:#000000;"></font><font style="display:inline;color:#000000;">Georgia Touma</font><font style="display:inline;color:#000000;">, 877-686-9496 </font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;color:#000000;">Source: Franklin Street Properties Corp.</font>
		</p>
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			<font style="display:inline;">&nbsp;</font>
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			<font style="display:inline;">&nbsp;</font>
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