Gladstone Commercial Corporation acquired 50,102 square foot Class A industrial manufacturing, distribution, & service facility in Midland, TX for $10.2 million.
September 02, 2024
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Gladstone Commercial Corporation (NasdaqGS:GOOD) acquired 50,102 square foot Class A industrial manufacturing, distribution, & service facility in Midland, TX for $10.2 million on August 29, 2024. The property was marketed by Jerry Hopkins of NEWMARK's Dallas office.
Gladstone Commercial Corporation (NasdaqGS:GOOD) completed the acquisition of 50,102 square foot Class A industrial manufacturing, distribution, & service facility in Midland, TX on August 29, 2024
Gladstone Commercial Corporation is a real estate investment trust (REIT). The Company is focused on acquiring, owning and operating net leased industrial and office properties across the United States. It conducts its operations through a subsidiary, Gladstone Commercial Limited Partnership (Operating Partnership). It owns about 135 properties totaling 16.8 million square feet of rentable space, located in 27 states. Its properties are geographically diversified, and its tenants cover a broad cross-section of business sectors and range in size from small to large private and public companies. Its properties are located in various states of the United States, such as Texas, Florida, Pennsylvania, Ohio, Georgia, North Carolina, Alabama, New Jersey, Michigan and South Carolina. The Company's properties have tenants from various industries, such as telecommunications, diversified/conglomerate services, healthcare, automotive, banking, diversified/conglomerate manufacturing, and others.
Gladstone Commercial Corporation acquired 50,102 square foot Class A industrial manufacturing, distribution, & service facility in Midland, TX for $10.2 million.