MCLEAN, Va., Oct. 21, 2015 (GLOBE NEWSWIRE) -- Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") announced today that it has acquired a 90,626 square foot industrial facility in the Atlanta, Georgia suburb of Villa Rica for $6.5 million. The acquisition of this property, leased for 18 years to Universal Pasteurization, illustrates Gladstone Commercial's commitment to acquiring valuable real estate leased to quality tenants. Universal Pasteurization is a market leading high pressure processing (HPP) partner.
"This acquisition signals our interest in growing in key Southern markets," said Buzz Cooper, Senior Managing Director of Gladstone Commercial. "We are excited to partner with a strong tenant for this long term lease and believe that it will generate substantial returns for our investors."
Bob Cutlip, Gladstone Commercial's President, added, "This acquisition demonstrates our commitment to growth markets, which will result in long term value appreciation for our shareholders."
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 102 properties located in 24 states, totaling approximately 11.2 million square feet. For additional information please visit www.gladstonecommercial.com.
For Broker Submittals:
|Buzz Cooper||Matt Tucker|
|Senior Managing Director||Managing Director|
|(703) 287-5815||(703) 287-5830|
|Andrew White||Brandon Flickinger|
|(310) 953-4960||(703) 287-5819|
Investor or Media Inquiries:
|President – Gladstone Commercial Corporation|
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.
CONTACT: For further information: Gladstone Commercial Corporation, +1 703-287-5893
Source:Gladstone Commercial Corporation