Gladstone Commercial Corporation Completes 99,797 SF Lease Extension at Office Property in Englewood, CO
11 February 2020 - 8:30AM
Gladstone Commercial Corporation (Nasdaq: GOOD) (“Gladstone
Commercial”) announced today it completed the extension of an
existing lease with a publicly traded broadband satellite
services provider at its 349 Inverness Drive South office
property in Englewood, CO. The tenant will occupy the entire
99,797 square foot building for an additional 63 months
through December 31, 2026.
Gladstone Commercial purchased the property in
December 2013 and has maintained 100% occupancy since acquisition.
“We are focused on lease renewals to support our same-store cash
flow growth; accordingly, we are pleased to announce this lease
extension for an additional five years,” stated Brandon
Flickinger, Managing Director and head of the Mountain West and
Southeast Regions for Gladstone Commercial.
“We look forward to our continued partnership
with the tenant as we work to meet the needs of our tenants
throughout the portfolio,” added Perry Finney, Senior Asset Manager
for Gladstone Commercial.
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: |
Midwest/Northeast: |
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.gladstonecompanies.com.
SOURCE: Gladstone Commercial Corporation
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