MCLEAN, Va., Jan. 5, 2015 (GLOBE NEWSWIRE) -- Gladstone Commercial Corporation (Nasdaq:GOOD) (the "Company") reported that it purchased two industrial buildings totaling 535,500 square feet located in Monroe, Michigan for $30.75 million on December 23, 2014. The properties are fully leased through August 2023.
"This acquisition is consistent with our strategic decision to focus our acquisition efforts on high-quality, functional properties in primary and strong secondary markets," said Matt Tucker, Managing Director of the Company. "This investment caps off a strong 2014 and gives us great momentum heading into the new year."
Gladstone Commercial's real estate portfolio now consists of 95 properties located in 23 states, totaling approximately 10.5 million square feet.
For more information regarding Gladstone Commercial's activity in the Northeast and Midwest U.S., please contact Matt Tucker at Matt.Tucker@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.gladstonecommercial.com.
For Investor Relations inquiries related to any of the monthly distribution paying Gladstone funds, please visit www.gladstone.com.
Source:Gladstone Commercial Corporation