MCLEAN, Va., May 23, 2013 /PRNewswire/ -- Gladstone Commercial
Corporation (NASDAQ: GOOD) (the "Company") reported today that it
purchased a 92,275 square foot building in Blaine, Minnesota for $14.45 million from CSM Corporation. The property
is a single story office building leased to PTC Inc., a
Needham, MA based company that
develops software solutions and delivers related services that help
companies design products, manage product information and improve
their product development and services processes.
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"We are excited about this acquisition, which highlights our
focus on high quality assets leased on a long-term basis to strong
tenants like PTC Inc.," said Matt
Tucker, Director of our investment advisor 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 83 properties. Including payments through
April 2013, the Company has paid 100
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 88 consecutive monthly cash distributions on its Series A
preferred stock, 79 consecutive monthly cash distributions on its
Series B preferred stock, 15 consecutive monthly cash distributions
on its Series C Term Preferred Stock and 39 consecutive monthly
cash distributions on its Senior Common Stock. The Company has
never skipped, reduced or deferred a monthly distribution since
inception, over nine 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