Gladstone Commercial Corporation’s 956K Square Foot Distribution Center in the I-81 Corridor Upgrades to Energy Efficient L...
11 May 2016 - 6:05AM
Gladstone Commercial Corporation (NASDAQ:GOOD) (“Gladstone
Commercial”) announced today that its 956K square foot distribution
center located in the Wilkes-Barre / Scranton submarket of the I-81
distribution corridor has upgraded all of its fluorescent lighting
to energy efficient LED lighting. Our tenant, Kane Is Able
(“KANE”), worked with R World Energy Solutions to upgrade the
lighting in two of KANE’s distribution centers (one of which is
owned by us) encompassing 1.2MM square feet. The upgrade is
projected to save over 2MM kWh annually with the added benefit of
eliminating the emission of 2.7MM pounds of greenhouse gases each
year.
Alex Stark, KANE’s Senior Director of Marketing,
remarked, “Among our company’s many sustainability initiatives, the
most recent is the installation of new lighting at select KANE
distribution centers. The upgraded LED fixtures provide much
brighter light for improved working conditions, while enhancing
overall safety and efficiency.”
Matt Tucker, Managing Director of Gladstone
Commercial, noted, “This lighting upgrade demonstrates our
commitment to improving our properties, lowering costs for our
tenants and implementing sustainability initiatives that improve
the quality of our portfolio. We started with our largest
properties – this LED project in our 956K square foot Taylor, PA
distribution facility and the recent designation of our 320K square
foot GM office facility in Austin, TX as ENERGY STAR® certified –
and we will continue work to improve the portfolio by pursuing
energy efficiency upgrades and sustainability initiatives at our
properties.”
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.
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For Broker
Submittals: |
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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 |
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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: |
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Bob Cutlip |
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President –
Gladstone Commercial Corporation |
(703) 287-5878 |
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Bob.Cutlip@gladstonecompanies.com |
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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, 2015, as filed with the SEC
on February 17, 2016. 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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