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Franklin Street acquires Denver, Colorado office property for $217M

Franklin Street announced its acquisition of a 20-story, multi-tenant office building and retail plaza containing approximately 655,565 rentable square feet of space located in the central business district of Denver, Colorado for a purchase price of $217M. The property is located at 1001 17th Street, is approximately 74% occupied and is approximately 89% leased, with the difference primarily attributable to approximately 100K rentable square feet of new leases scheduled to commence in November and December of 2013.