Gladstone Commercial Corporation Announces Acquisition of Atlanta, GA Property
October 21 2015 - 7:30AM
Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone
Commercial") announced today that it has acquired a 90,626 square
foot industrial facility in the Atlanta, Georgia suburb of Villa
Rica for $6.5 million. The acquisition of this property, leased for
18 years to Universal Pasteurization, illustrates Gladstone
Commercial's commitment to acquiring valuable real estate leased to
quality tenants. Universal Pasteurization is a market leading high
pressure processing (HPP) partner.
"This acquisition signals our interest in growing in key
Southern markets," said Buzz Cooper, Senior Managing Director of
Gladstone Commercial. "We are excited to partner with a strong
tenant for this long term lease and believe that it will generate
substantial returns for our investors."
Bob Cutlip, Gladstone Commercial's President, added, "This
acquisition demonstrates our commitment to growth markets, which
will result in long term value appreciation for our
shareholders."
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 102 properties located in 24 states,
totaling approximately 11.2 million square feet. For additional
information please visit www.gladstonecommercial.com.
For Broker Submittals:
South/Southwest: |
Midwest/Northeast: |
Buzz Cooper |
Matt Tucker |
Senior Managing Director |
Managing Director |
(703) 287-5815 |
(703) 287-5830 |
Buzz.Cooper@gladstonecompanies.com |
Matt.Tucker@gladstonecompanies.com |
|
|
West: |
Tennessee/Kentucky: |
Andrew White |
Brandon Flickinger |
Managing Director |
Director |
(310) 953-4960 |
(703) 287-5819 |
Andrew.White@gladstonecompanies.com |
Brandon.Flickinger@gladstonecompanies.com |
|
|
Investor or Media Inquiries:
Bob Cutlip |
|
President – Gladstone Commercial
Corporation |
(703) 287-5878 |
|
Bob.Cutlip@gladstonecompanies.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 further information:
Gladstone Commercial Corporation, +1 703-287-5893
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