Item 1.02. Termination of a Material Definitive Agreement.

As previously reported on the Current Report on Form 8-K filed on November 3, 2008, on October 31, 2008, FSP Congress Center LLC (the "Purchaser"), a wholly-owned subsidiary of Franklin Street Properties Corp. (the "Registrant"), entered into an agreement for purchase and sale of real property (as amended, the "Agreement") located in Chicago, Illinois with NNN Congress Center, LLC; GREIT-Congress Center, LLC; NNN Congress Center 1, LLC; NNN Congress Center 2, LLC; NNN Congress Center 3, LLC; NNN Congress Center 4, LLC; NNN Congress Center 5, LLC; NNN Congress Center 6, LLC; NNN Congress Center 7, LLC; NNN Congress Center 8, LLC; NNN Congress Center 10, LLC; NNN Congress Center 11, LLC; NNN Congress Center 12, LLC; NNN Congress Center 13, LLC; NNN Congress Center 14, LLC; NNN Congress Center 15, LLC; NNN Congress Center 16, LLC; and NNN Congress Center 17, LLC (collectively, the "Seller") for a purchase price of $130 million. There are no material relationships, other than in respect of the Agreement, among the Purchaser, the Seller, the Registrant or any of the Registrant's affiliates. On January 13, 2009, the Purchaser elected to terminate the Agreement as provided for under the terms of the Agreement. Neither the Purchaser nor the Registrant incurred any termination penalties in connection with the termination of the Agreement.

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