Gladstone Commercial Corporation Announces Two Leasing Successes
September 26 2017 - 7:25AM
Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone
Commercial"), a real estate investment trust focused on acquiring,
owning and operating net leased industrial and office properties,
announced today two recent successful leasing efforts that occurred
during the third quarter of 2017.
Gladstone Commercial executed a new 5,227 square
foot lease at its Houston, TX medical office building, bringing the
building to 100% occupancy. The new lease runs for approximately
five years and is with an operating subsidiary of a publicly traded
medical provider. The 12,018 square foot property will now be 100%
leased through December 2022. The property was spared any damage
during the recent natural disasters.
Gladstone Commercial also executed a lease
amendment to expand space occupied by the tenant at its Raleigh, NC
industrial property by 7,045 square feet. The increased square
footage is under the same terms as the current lease with the
tenant, and brings the property to 100% occupancy. The lease
matures in December 2027.
“Through diligent efforts with leasing brokers and
our asset management personnel, Gladstone is pleased to have these
two buildings at 100% occupancy,” said Buzz Cooper, Senior Managing
Director at Gladstone Commercial. “We are confident that the
buildings will hold their occupancy for many years to come.”
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. As of
June 30, 2017, its real estate portfolio consisted of 94 properties
located in 24 states, totaling approximately 10.7 million square
feet. For additional information please visit
www.gladstonecommercial.com.
For Broker Submittals:
South/Southwest: |
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Southeast: |
Buzz
Cooper |
|
|
Brandon
Flickinger |
Senior Managing
Director |
|
|
Managing Director |
(703) 287-5830 |
|
|
(703) 287-5819 |
Buzz.Cooper@gladstonecompanies.com |
|
|
Brandon.Flickinger@gladstonecompanies.com |
|
|
|
|
Midwest/Northeast: |
|
|
West: |
Matt
Tucker |
|
|
Andrew
White |
Managing Director |
|
|
Managing Director |
(703) 287-5815 |
|
|
(310) 953-4960 |
Matt.Tucker@gladstonecompanies.com |
|
|
Andrew.White@gladstonecompanies.com |
|
|
|
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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, 2016, as filed with
the SEC on February 15, 2017. 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.
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