Franklin Street Properties Corp. Announces Increase in Total Availability Under Its Credit Facility From $500 Million to $600 Million

Franklin Street Properties Corp FSP, an investment firm specializing in real estate, today announced that it increased total availability under its credit facility entered into in February 2011 from $500 million to $600 million by fully exercising its $100 million accordion feature. The increase in total availability was achieved through increased commitment levels from Regions Bank and BBVA Compass and the addition of a new participating bank, Comerica Bank. There were no other changes to the terms or maturity of the New Revolver.