Gladstone Commercial Corporation Announces 6,791 SF Lease in Baytown, TX
September 24 2015 - 7:30AM
Gladstone Commercial Corporation (NASDAQ:GOOD) (the "Company" or
"Gladstone Commercial") announced today that it has executed a 7
year lease with Cardiac Cath Lab of Baytown, LP ("CCL") for 6,791
square feet at the Company's 12,000 square foot Baytown, TX medical
office property. The property is adjacent to the San Jacinto
Methodist Hospital and the lease is scheduled to commence January
1, 2016. CCL is a joint venture between seven doctors and National
Cardiovascular Partners and will use the space to operate an
outpatient cardiac catheterization and vascular lab.
"We are excited that CCL has chosen our property to launch this
new joint venture. The recent increase in prospect activity for
this well-located property is encouraging as we proceed toward full
occupancy," said Buzz Cooper, Senior Managing Director of Gladstone
Commercial.
The Tarantino Properties team of Peggy Rougeou represented
Gladstone Commercial and the CBRE team of Chris Sido represented
CCL in this transaction.
About Gladstone Commercial Corporation
(NASDAQ:GOOD)
Gladstone Commercial is a real estate investment trust focused
on acquiring, owning and operating net leased industrial and office
properties across the United States. Gladstone Commercial's real
estate portfolio consists of 101 properties located in 24 states,
totaling approximately 11.1 million square feet. For additional
information please visit www.gladstonecommercial.com.
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, 2014, as filed with the SEC on February 18,
2015 and the Company's Form 10-Q for the quarter ended June 30,
2015, as filed with the SEC on August 3, 2015. 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.
For Investor Relations inquiries related to any of the monthly
dividend paying Gladstone funds, please visit
www.gladstone.com.
CONTACT: For Broker Submittals:
South/Southwest
Buzz Cooper
Senior Managing Director
(703) 287-5815
Buzz.Cooper@gladstonecompanies.com
West:
Andrew White
Managing Director
(310) 953-4960
Andrew.White@gladstonecompanies.com
Midwest:
Matt Tucker
Managing Director
(703) 287-5830
Matt.Tucker@gladstonecompanies.com
Tennessee/Kentucky:
Brandon Flickinger
Director
(703) 287-5819
Brandon.Flickinger@gladstonecompanies.com
Investor or Media Inquiries:
Bob Cutlip
President - Gladstone Commercial Corporation
(703) 287-5878
Bob.Cutlip@gladstonecompanies.com
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