Franklin Street Properties sells Greenwood Plaza office property in Colorado for $19.36 million

Franklin Street Properties sold the Greenwood Plaza property in Englewood, Colorado on July 8, 2026 for a gross purchase price of $19.36 million.

Net proceeds totaled about $17.5 million after purchase credits, estimated disposition costs, and a property tax payment to the buyer.

$8.5 million of proceeds repaid Initial Term Loans, including exit and legal fees; net debt reduction was $7.45 million.

The repayment triggered a $1.1 million loss on extinguishment of debt; the sale produced an estimated $7.86 million loss.