Gladstone Commercial Corporation Announces 280,000 Square Foot New Lease in Ohio
05 January 2016 - 8:15AM
Gladstone Commercial Corporation (NASDAQ:GOOD) (the “Company” or
“Gladstone Commercial”), 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.
“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.”
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 99
properties located in 24 states, totaling approximately 11.0
million square feet. For additional information please visit
www.gladstonecommercial.com.
For Broker Submittals:
South/Southwest: |
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West: |
Buzz
Cooper |
|
|
Andrew
White |
Senior Managing
Director |
|
|
Managing Director |
(703) 287-5830 |
|
|
(310) 953-4960 |
Buzz.Cooper@gladstonecompanies.com |
|
|
Andrew.White@gladstonecompanies.com |
|
|
|
|
Midwest/Northeast: |
|
|
Tennessee/Kentucky: |
Matt
Tucker |
|
|
Brandon
Flickinger |
Managing Director |
|
|
Director |
(703) 287-5815 |
|
|
(703) 287-5819 |
Matt.Tucker@gladstonecompanies.com |
|
|
Brandon.Flickinger@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, 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.
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