MCLEAN, Va., Jan. 6, 2014 /PRNewswire/ -- Gladstone
Commercial Corporation (NASDAQ: GOOD) (the "Company") reported that
it purchased a 156,200 square foot industrial building located in
Novi, Michigan for $7.3 million on December
27, 2013. The property is fully leased to Eberspaecher North
America, Inc. ("Eberspaecher") through April
2024. Eberspaecher is a manufacturer of exhaust
systems for automotive and commercial vehicles.
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"We are excited to acquire this high quality industrial property
with a strong tenant like Eberspaecher," said Matt Tucker, Managing Director of the Company.
"This investment caps off a strong 2013 and gives us great momentum
heading into the new year."
Gladstone Commercial's real estate portfolio now consists of 87
properties located in 22 states, totaling approximately 9.3 million
square feet.
For more information regarding Gladstone Commercial's activity
in the Northeast and Midwest U.S., please contact Matt Tucker at
Matt.Tucker@gladstonecompanies.com.
Gladstone Commercial Corporation is a real estate investment
trust (REIT) that invests in and owns net leased industrial,
commercial and retail real property. 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.
Forward Looking Statement:
All statements contained in this press release, other than
historical facts, may constitute "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Words such as "anticipates," "expects," "intends,"
"plans," "believes," "seeks," "estimates" and variations of these
words and similar expressions are intended to identify
forward-looking statements. Readers should not rely upon
forward-looking statements because the matters they describe are
subject to known and unknown risks and uncertainties that could
cause the Company's business, financial condition, liquidity,
results of operations, funds from operations or prospects to differ
materially from those expressed in or implied by such statements.
Such risks and uncertainties are disclosed under the caption "Risk
Factors" of the Company's Annual Report on Form 10-K for the fiscal
year ended December 31, 2012, as
filed with the SEC on February 19,
2013 and the Company's Quarterly Report on Form 10-Q for
quarter ended September 30, 2013, as
filed with the SEC on November 4,
2013. The Company cautions readers not to place undue
reliance on any such forward-looking statements which speak only as
of the date made. The Company undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
SOURCE Gladstone Commercial Corporation