MCLEAN, Va., Dec. 12, 2013 /PRNewswire/ -- Gladstone
Commercial Corporation (NASDAQ: GOOD) (the "Company") reported
today that it purchased Parkside Office Plaza, a three-story,
97,797 square foot, single-tenant office building located in
Englewood, Colorado for
$18.25 million. The Class A, LEED
Gold property is leased to ViaSat, Inc. (NASDAQ: VSAT) through
September 2021, and is the home of
ViaSat's Exede Internet and other consumer broadband
services. ViaSat is an innovator in satellite and other
wireless networking systems and services. The Property is located
in the Inverness Business Park, a master-planned park in the
Southeast submarket of Denver,
Colorado.
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"This acquisition is consistent with our strategic decision to
expand our acquisition efforts in both primary and secondary
markets in the Western U.S." said Andrew
White, Managing Director of the Company. "The Class A
construction, strong tenancy and premiere location in Denver's Southeast submarket will provide
stable and attractive returns for our investors."
Gladstone Commercial's real estate portfolio now consists of 86
properties located in 22 states, totaling approximately 9.1 million
square feet.
For more information regarding Gladstone Commercial's activity
in the Western U.S., please contact Andrew
White at Andrew.White@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.gladstonecompanies.com. For further information:
Gladstone Commercial Corporation +1-703-287-5893
For Investor Relations inquiries related to any of the monthly
dividend paying Gladstone funds,
please visit www.gladstone.com.
Forward Looking Statement:
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, 2012, as
filed with the SEC on February 19,
2013 and the Company's Quarterly Report on Form 10-Q for
quarter ended September 30, 2013, as
filed with the SEC on November 4,
2013. 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.
SOURCE Gladstone Commercial Corporation