Gladstone Commercial Announces Industrial Property Acquisition in Indianapolis, IN
20 November 2019 - 8:30AM
Gladstone Commercial Corporation (Nasdaq: GOOD) (“Gladstone
Commercial”) announced today that it completed the acquisition of a
231,509 square foot industrial building in Indianapolis, Indiana on
November 14, 2019.
The property is 100% leased to Javo Beverage
Company (“Javo”) with 13.5 years remaining in the lease term. Javo
currently uses the property to manufacture and distribute its
coffee and tea beverages, extracts, and flavors. The acquisition of
the industrial property is consistent with Gladstone Commercial’s
strategy of acquiring high-quality assets with credit-worthy
tenants located in its targeted growth markets. This is Gladstone
Commercial’s third acquisition in the Indianapolis market, and
second industrial acquisition in Indianapolis in 2019.
“We are excited to announce this industrial
acquisition in Indianapolis, a market that we have targeted for
growth,” said Matt Tucker, Senior Managing Director and head of the
Northeast/Midwest Region for Gladstone Commercial. “The facility is
mission critical for our tenant and well located in Park Fletcher
with good access to major transportation routes.”
Bob Cutlip, President of Gladstone Commercial,
agreed: “This acquisition continues our strategy of increasing our
industrial allocation by acquiring quality industrial properties in
our target markets, such as Indianapolis.”
About Gladstone Commercial (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
September 30, 2019, Gladstone Commercial’s real estate portfolio
consisted of 109 properties located in 24 states, totaling
approximately 13.1 million square feet. For additional information
please visit www.gladstonecommercial.com.
For Broker Submittals:
South
Central: |
Northeast/Midwest: |
Buzz Cooper |
Matt Tucker |
Senior Managing Director |
Senior Managing Director |
(703) 287-5815 |
(703) 287-5830 |
Buzz.Cooper@gladstonecompanies.com |
Matt.Tucker@gladstonecompanies.com |
|
|
Southeast / Mountain
West: |
|
Brandon
Flickinger |
|
Managing Director |
|
(703) 287-5819 |
|
Brandon.Flickinger@gladstonecompanies.com |
|
|
|
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 Gladstone Commercial’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, 2018, as filed
with the SEC on February 13, 2019 and certain other filings we make
with the SEC. Gladstone Commercial 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.
SOURCE: Gladstone Commercial Corporation
Gladstone Commercial (NASDAQ:GOOD)
Historical Stock Chart
From Apr 2024 to May 2024
Gladstone Commercial (NASDAQ:GOOD)
Historical Stock Chart
From May 2023 to May 2024