MCLEAN, Va., April 23, 2014 /PRNewswire/ -- Gladstone
Commercial Corporation (NASDAQ: GOOD) (the "Company") reported
today that it purchased a 61,358 square foot creative office
building located in Rancho Cordova,
CA for $8.2 million. The
property is fully leased to Barco, Inc. ("Barco") through
April 2024. Barco is a global
technology company that designs, and develops networked
visualization products, including projectors, video walls,
displays, image processing and presentation systems and software
for a variety of selected professional markets.
![Gladstone Commercial. Gladstone Commercial.](http://photos.prnewswire.com/prnvar/20101005/GLADSTONECOMMERCIAL)
"This acquisition marks our first acquisition in California and continues our strategic
expansion into both primary and secondary markets in the Western
U.S.," said Andrew White, Managing
Director of the Company. "The popularity of the open ceiling,
polished concrete floor, open floor plan creative office build out
with technology and other creative tenants is well known. This
asset has all of the above including proximity to retail, housing
and major transportation corridors." Gladstone Commercial's real
estate portfolio now consists of 90 properties located in 23
states, totaling approximately 9.4 million square feet.
For more information regarding Gladstone Commercial's activity
in the West, please contact Andrew
White at andrew.white@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.
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SOURCE Gladstone Commercial Corporation