Gladstone Commercial Corporation acquired A 260,719 square foot, two property portfolio in Cleveland, Ohio and Fort Payne, Alabama for $19.3 million.
May 03, 2022
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Gladstone Commercial Corporation (NasdaqGS:GOOD) acquired A 260,719 square foot, two property portfolio in Cleveland, Ohio and Fort Payne, Alabama for $19.3 million on May 4, 2022. Gladstone Commercial Corporation issued $10.0 million of fixed rate debt in connection with the acquisition.
Gladstone Commercial Corporation (NasdaqGS:GOOD) completed the acquisition of A 260,719 square foot, two property portfolio in Cleveland, Ohio and Fort Payne, Alabama on May 4, 2022.
Gladstone Commercial Corporation is a real estate investment trust (REIT). The Company is focused on acquiring, owning, and managing primarily industrial and office properties. The Company conducts its operations through a subsidiary, Gladstone Commercial Limited Partnership (Operating Partnership). It owns 134 properties totaling 16.9 million square feet of rentable space, located in 27 states. The Companyâs 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. The Company's 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 
