Gladstone Commercial Corporation Announces Property Acquisition in
Columbia, SC
MCLEAN, Va., Dec. 3, 2012 /PRNewswire/ -- Gladstone
Commercial Corporation (NASDAQ: GOOD) (the "Company") reported
today that it purchased a 146,483 square foot office building
located in Columbia, South
Carolina for $29.2 million.
The building is currently leased to Verizon Wireless.
(Logo:
http://photos.prnewswire.com/prnh/20101005/GLADSTONECOMMERCIAL
)
"We are excited to add to our portfolio this Class A office
building that serves as a primary operations center for this well
positioned credit tenant," said Buzz Cooper, the Managing Director
responsible for the transaction.
Gladstone Commercial Corporation is a real estate investment
trust ("REIT") that invests in and owns net leased industrial,
commercial and retail real property and selectively makes long-term
industrial and commercial mortgage loans. The Company
currently owns 80 properties. Including payments through
October 2012, the Company has paid 94
consecutive monthly cash distributions on its common stock. Prior
to paying distributions on a monthly basis, the Company paid five
consecutive quarterly cash distributions. The Company has
paid 82 consecutive monthly cash distributions on its Series A
preferred stock, 73 consecutive monthly cash distributions on its
Series B preferred stock, and 30 consecutive monthly cash
distributions on its Senior Common Stock and 9 consecutive monthly
cash distributions on its Series C preferred stock. The Company has
never skipped, reduced or deferred a monthly distribution since
inception, over eight years ago. Additional information can be
found at www.gladstonecompanies.com.
For Investor Relations inquiries related to any of the monthly
dividend paying Gladstone funds,
please visit www.gladstone.com.
SOURCE Gladstone Commercial Corporation