UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

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                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

          Date of Report (Date of earliest event reported): May 1, 2007

                        Franklin Street Properties Corp.
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               (Exact Name of Registrant as Specified in Charter)

         Maryland                   001-32470                 04-3578653
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  (State or Other Juris-           (Commission              (IRS Employer
diction of Incorporation)          File Number)           Identification No.)

401 Edgewater Place, Suite 200, Wakefield, Massachusetts     01880-6210
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       (Address of Principal Executive Offices)              (Zip Code)

       Registrant's telephone number, including area code: (781) 557-1300
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          (Former Name or Former Address, if Changed Since Last Report)

      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 (see General Instruction A.2. below):

|_|   Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

|_|   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

|_|   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))


Item 2.02. Results of Operations and Financial Condition.

      On May 1, 2007, Franklin Street Properties Corp. announced its financial
results for the quarter ended March 31, 2007. The full text of the press release
issued in connection with the announcement is furnished as Exhibit 99.1 to this
Current Report on Form 8-K.

      The information in this Form 8-K (including Exhibit 99.1) shall not be
deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934
(the "Exchange Act") or otherwise subject to the liabilities of that section,
nor shall it be deemed incorporated by reference in any filing under the
Securities Act of 1933 or the Exchange Act, except as expressly set forth by
specific reference in such a filing.

Item 9.01. Financial Statements and Exhibits.

      (d)   Exhibits

            See Exhibit Index attached hereto.


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                                    SIGNATURE

      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.

                                    FRANKLIN STREET PROPERTIES CORP.

Date: May 1, 2007                   By: /s/ George J. Carter
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                                        George J. Carter
                                        President and Chief Executive Officer


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                                  EXHIBIT INDEX

Exhibit No.      Description
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                 Press Release issued by Franklin Street Properties
99.1             Corp. on May 1, 2007.


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