Gladstone Commercial Corporation (NASDAQ:GOOD), a real estate investment trust focused on acquiring, owning and operating net leased office and industrial properties, announced today that it signed a three year, 280,000 square foot lease at its 347,000 square foot Maple Heights, OH industrial warehouse property. The tenant, a large manufacturer of products for the consumer goods industry, currently subleases space in the building. The tenant chose to remain at the property due to its flexible layout and access to the Midwest distribution channels. The new lease expires on December 31, 2018.
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“We are thrilled that our tenant has decided to remain at the property,” said Buzz Cooper, Senior Managing Director of Gladstone Commercial. “This property represents one of our last major lease expirations for the next few years. Signing the new lease today builds on our track record of proactive lease renewal executions across the entire portfolio.”
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 99 properties located in 24 states, totaling approximately 11.0 million square feet.
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