Gladstone Commercial Corporation Announces Property Acquisitions in Monroe, MI
January 05 2015 - 3:15PM
Gladstone Commercial Corporation (Nasdaq:GOOD) (the "Company")
reported that it purchased two industrial buildings totaling
535,500 square feet located in Monroe, Michigan for $30.75 million
on December 23, 2014. The properties are fully leased through
August 2023.
"This acquisition is consistent with our strategic decision to
focus our acquisition efforts on high-quality, functional
properties in primary and strong secondary markets," said Matt
Tucker, Managing Director of the Company. "This investment caps off
a strong 2014 and gives us great momentum heading into the new
year."
Gladstone Commercial's real estate portfolio now consists of 95
properties located in 23 states, totaling approximately 10.5
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.gladstonecommercial.com.
For Investor Relations inquiries related to any of the monthly
distribution paying Gladstone funds, please visit
www.gladstone.com.
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