GOOD - Dividend announcements

MCLEAN, VA / ACCESS Newswire / January 22, 2025 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") is pleased to report another successful year of investing, leasing, and disposition activity in the net lease space. We continue to create shareholder value by increasing our industrial exposure and disposing of non-core office assets.Issuance of Senior Unsecured Notes:In December 2024, we closed on a $75.0 million private placement of 6.47% senior unsecured notes due December 18, 2029. The ability to execute follow-on issuances will add a new and efficient financing source to facilitate growing our industrial portfolio.Acquisition Activity:We completed $26.8 million in n

MCLEAN, VA / ACCESSWIRE / December 18, 2024 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") today announced that its subsidiary, Gladstone Commercial Limited Partnership ("Gladstone LP"), has closed $75 million in aggregate principal amount of 6.47% senior unsecured notes due December 18, 2029 (the "Notes"), in a private placement with certain institutional investors.Gladstone LP plans to use the proceeds to repay outstanding indebtedness under its senior unsecured revolving credit facility, to pre-pay a portion of its $60 million Term Loan B facility and for general corporate purposes."We are excited by the support of high-quality, long-term institutional investors

MCLEAN, VA / ACCESSWIRE / November 18, 2024 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") has acquired a 124,500 square foot industrial manufacturing, distribution, and warehouse facility in St. Clair, Missouri.Gladstone Commercial acquired the property subject to a 20-year absolute NNN lease to ATRO, LLC, a leader in manufacturing durable and high-performance heavy-duty polyurethane truck parts that extend the lifespan of truck components and reduce the total cost of ownership for fleet operators."We are excited to expand our industrial portfolio with a mission-critical, high-quality asset leased to a strong, creditworthy tenant. This well-located facility adds s

MCLEAN, VA / ACCESSWIRE / September 3, 2024 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") announced that it has executed an 8-year lease extension with Elster Solutions, LLC ("Elster") at its 58,926 square foot flex / R&D building in Raleigh, North Carolina. Elster is owned by Honeywell International Inc. ("Honeywell"), who is the guarantor on the lease. The property was purchased by Gladstone Commercial in 2003 and has been leased to Elster since that time.Elster is a market leader and specialist for metering, regulation, flow measurement, and control equipment and systems focused on gas, and was acquired by Honeywell in 2016. Honeywell is a multinational conglom

MCLEAN, VA / ACCESSWIRE / September 3, 2024 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") has acquired a 50,102 square foot Class A industrial manufacturing, distribution, and service facility in Midland, Texas, at a weighted GAAP capitalization rate of 9.94%.The property was acquired in a long-term sale-leaseback transaction with a 15-year absolute NNN lease. The property is 100% leased to a leading provider of electrical feedthrough connectors, wellhead solutions, and related services, targeting E&P operators primarily in the Permian Basin. The acquisition is consistent with Gladstone Commercial's growth strategy of acquiring functional assets leased to credit-w

MCLEAN, VA / ACCESSWIRE / August 22, 2024 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") announced that Katharine Cornell Gorka has been elected to the 2027 class of Directors for the Company, effective August 22, 2024. Ms. Gorka, 64, is the President of Threat Knowledge Group, which provides training and expertise on threats to U.S. national security, and also serves as the chair of the Fairfax County Republican Party. Ms. Gorka previously served as a Senior Policy Advisor in the Office of Policy at the U.S. Department of Homeland Security from 2017 until 2020. In 2020, Ms. Gorka served as Press Secretary for U.S. Customs and Border Protection, and from 2020 to 20

MCLEAN, VA / ACCESSWIRE / August 20, 2024 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") announced today that it has executed a 5-year lease extension with Morgan Stanley Smith Barney Financing LLC ("Morgan Stanley") through December 31, 2030 for 72,301 square feet of its 101,869 square foot office building located at 4343 Easton Commons in Columbus, Ohio. This lease renewal continues Morgan Stanley's existing tenancy that began in 2008.Morgan Stanley (NYSE:MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, the Firm's employees

MCLEAN, VA / ACCESSWIRE / August 8, 2024 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") announced that on August 7, 2024, it sold two medical office properties located in the Atlanta MSA leased to Northside Hospital, totaling 26,331 square feet at a cap rate of 5.97%.Gladstone Commercial realized a leveraged internal rate of return of approximately 13.2% on the assets, which were originally acquired as a component of an 8-property portfolio transaction in 2007."We recognized the opportunity to realize a strong outcome from the sale of two medical office assets. We intend to recycle this capital into the industrial sector, which will allow Gladstone Commercial to co

MCLEAN, VA / ACCESSWIRE / July 10, 2024 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("we" or "Gladstone Commercial") is a real estate investment trust ("REIT") focused on acquiring, owning, and operating net leased industrial properties across the United States. We are providing the following semi-annual business update regarding our portfolio performance during a time of market volatility.100% of cash base rents have been paid and collected through June 30, 2024.Portfolio occupancy is 98.5%, as of June 30, 2024.On May 7, 2024, we acquired a 142,125 square foot, industrial manufacturing, distribution, and service facility situated on 115 acres in Warfordsburg, Pennsylvania for a total p

MCLEAN, VA / ACCESSWIRE / June 17, 2024 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") announced that it has executed a 7-year, 2-month lease with Hub Group, Inc. ("Hub Group") at its 966,753 SF industrial building in Taylor, Pennsylvania, commencing July 1, 2024. The property was purchased by Gladstone Commercial in 2014.Hub Group (NASDAQ:HUBG) is a leading third-party logistics provider based in Oak Brook, Illinois. The company provides transportation and logistics services, including intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, dedicated and regional trucking."We are excited to bring Hub Group into our portfolio as the full buildi

MCLEAN, VA / ACCESSWIRE / May 8, 2024 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") has acquired a 142,125 square foot industrial manufacturing, distribution, and service facility situated on nearly 115 acres in Warfordsburg, Pennsylvania, for a total purchase price of $11.7 million at a weighted GAAP capitalization rate of 12.3%.The property was acquired in a long-term sale-leaseback transaction with a 25-year absolute NNN lease. The property is 100% leased to a provider of processing services and equipment for infrastructure end markets. The acquisition is consistent with Gladstone Commercial's growth strategy of acquiring functional assets leased to credit-wort

MCLEAN, VA / ACCESSWIRE / February 5, 2024 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") is pleased to report another successful year of investing, leasing, and disposition activity in the net lease space. We continue to create shareholder value by increasing our industrial exposure and disposing of non-core office assets.Acquisition Activity:We completed $29.5 million in new acquisitions across five properties totaling 321,432 square feet. At closing, these five properties had a weighted average lease term of 19.3 years. The transactions were completed in established, growing industrial markets, including Chicago, Illinois, Dallas/Fort Worth, Texas, Lehigh Valley

MCLEAN, VA / ACCESSWIRE / January 8, 2024 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("we" or "Gladstone Commercial") is a real estate investment trust ("REIT") focused on acquiring, owning and operating net leased industrial and office properties across the United States. We are providing the following quarterly business update regarding our portfolio performance during a time of market volatility.100% of Q4 2023 cash base rents have been paid and collected.Portfolio occupancy is at 96.8%, as of December 31, 2023.On October 12, 2023, we acquired a 70,000 square foot industrial manufacturing facility in Allentown, Pennsylvania for a total purchase price of $7.8 million with a 20-year a

MCLEAN, VA / ACCESSWIRE / November 6, 2023 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") recently acquired a 67,709 square foot industrial manufacturing facility in Indianapolis, Indiana at a weighted GAAP capitalization rate of 10.1%.The property was acquired in a long-term sale leaseback transaction with a 20-year absolute NNN lease. The property is 100% leased to Systec Corporation with a parent guarantee from Inspire Automation, an industry leader in corrugated material handling and automation solutions. The acquisition is consistent with Gladstone Commercial's growth strategy of acquiring functional assets leased to credit-worthy tenants in strong industrial

Please note that the limited information that follows in this press release is not adequate to make an informed investment judgment.MCLEAN, VA / ACCESSWIRE / November 6, 2023 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial" or the "Company") today reported financial results for the third quarter ended September 30, 2023. A description of funds from operations, or FFO, and Core FFO, both non-GAAP (generally accepted accounting principles in the United States) financial measures, are located at the end of this press release. All per share references are to fully-diluted weighted average shares of common stock and Non-controlling OP Units, unless otherwise noted. For fur

MCLEAN, VA / ACCESSWIRE / October 13, 2023 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") has acquired a 70,000 square foot industrial manufacturing facility in Allentown, Pennsylvania, for a total purchase price of $7.8 million at a weighted GAAP capitalization rate of 9.2%.The property was acquired in a long-term sale-leaseback transaction with a 20-year absolute NNN lease. The property is 100% leased to Alleguard, a manufacturer and distributor of custom EPS, EPP and ARCEL foam products. The company serves packaging, appliance, building products, cold chain, automotive, consumer and other general industrial end-markets. The acquisition is consistent with Gladsto

MCLEAN, VA / ACCESSWIRE / August 2, 2023 / During July 2023, Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") acquired two assets in the Dallas / Fort Worth MSA. The two assets total $11,925,000 and 107,714 square feet. The first asset, acquired on July 10, 2023, is a 7,714 square foot medical retail facility, located in Burleson, Texas with a ten-year net lease to a national provider of applied behavior analysis therapy. The purchase price of the asset was $2,850,000.The second asset, acquired on July 28, 2023, is a 100,000 square foot industrial manufacturing facility, located in Cedar Hill, Texas. The property was acquired in a 20-year absolute net sale leaseback

MCLEAN, VA / ACCESSWIRE / July 27, 2023 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") announced today that it has sold its 26,080 square foot Pittsburgh, Pennsylvania office building. Gladstone Commercial realized a leveraged internal rate of return of approximately 18% on the investment, which it originally acquired in 2011."We completed an early lease extension with the current tenant, which enabled us to capitalize on the sale with significant term remaining, which was attractive to the market," said EJ Wislar, Chief Investment Officer of Gladstone Commercial."The Matthews Real Estate Investment Services team of Charles Borges and Andrew Gross did a great job

MCLEAN, VA / ACCESSWIRE / July 10, 2023 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("we" or "Gladstone Commercial") is a real estate investment trust ("REIT") focused on acquiring, owning and operating net leased industrial and office properties across the United States. We are providing the following quarterly business update regarding our portfolio performance during a time of market volatility.100% of Q2 2023 cash base rents have been paid and collected.Portfolio occupancy is at 96.0%, as of June 30, 2023.We acquired a 76,000 square foot industrial manufacturing facility in Riverdale, Illinois at a weighted GAAP capitalization rate of 9.7%.On July 10, 2023, we acquired 7,714 square

MCLEAN, VA / ACCESSWIRE / June 22, 2023 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") announced today that it has executed a 5-year lease extension with Yanfeng International Automotive Technology US LLC ("Yanfeng") through October 31, 2028 for the entirety of its 220,500 SF industrial property at 2200 Revard Road in Monroe, Michigan, a suburb of Detroit.This lease renewal continues Yanfeng's existing tenancy that began in 2008. Yanfeng is a leading global automotive supplier, focusing on interior, exterior, seating, cockpit electronics, and passive safety with more than 240 locations and approximately 67,000 employees worldwide."We are pleased to extend Yanfeng's

MCLEAN, VA / ACCESSWIRE / June 7, 2023 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") announced today that it has executed an 11-year, 1-month lease with Moss & Associates LLC ("Moss") for the entirety of its 119,224 SF office building in Fort Lauderdale, Florida, commencing on June 1, 2023. Moss had been subleasing approximately 40% of the building and had previously executed a 5-year, 4-month deal beyond the sublease term for that space. It will now expand into the full building on a longer-term direct lease with Gladstone Commercial."We are very excited to have Moss expand into the remaining three floors, preserving the building as a single-tenant asset," said E

MCLEAN, VA / ACCESSWIRE / April 17, 2023 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") has acquired a 76,000 square foot industrial manufacturing facility in Riverdale, Illinois at a weighted GAAP capitalization rate of 9.7%.The property was acquired in a long-term sale/leaseback transaction with a 20-year absolute NNN lease. The property is 100% leased to American Roller Company, a diversified, outsourced maintenance and repair business providing a full suite of turnkey surface enhancement solutions for industrial equipment used across multiple end markets. The acquisition is consistent with Gladstone Commercial's growth strategy of acquiring functional assets le

MCLEAN, VA / ACCESSWIRE / January 5, 2023 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("we" or "Gladstone Commercial") is a real estate investment trust ("REIT") focused on acquiring, owning and operating net leased industrial and office properties across the United States. We are providing the following quarterly business update regarding our portfolio performance during a time of market volatility.100% of Q4 2022 cash base rents have been paid and collected.Portfolio occupancy is at 96.8%, as of December 31, 2022.We acquired a 68,674 square foot industrial asset, in Denver, Colorado, for a total purchase price of $12.0 million.We acquired a 65,000 square foot industrial manufacturing

MCLEAN, VA / ACCESSWIRE / December 21, 2022 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") has acquired a 65,000 square foot industrial manufacturing facility in Greenville, South Carolina, at a weighted GAAP capitalization rate of 9.0%.The property was acquired in a long-term sale/leaseback transaction with a 12 year absolute NNN lease. The property is 100% leased to a specialty chemical producer. The mission critical location houses manufacturing and distribution operations for chemicals to a diverse base of the tenant's customers in the Southeast US. The acquisition is consistent with Gladstone Commercial's growth strategy of acquiring functional assets leased t

MCLEAN, VA / ACCESSWIRE / December 14, 2022 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") announced today that it closed on the sale of its two-story office building located in Allen, Texas on December 8, 2022."We are quite pleased to have been able to execute this transaction in a challenging environment. This transaction will allow us to continue to re-deploy capital into the industrial sector, consistent with our recycling initiatives," stated Buzz Cooper, President of Gladstone Commercial."Avison Young did a tremendous job finding a buyer," added Perry Finney, Senior Vice President of Gladstone Commercial. "We are quite pleased with the outcome and the value w

MCLEAN, VA / ACCESSWIRE / November 3, 2022 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("we" or "Gladstone Commercial") is a real estate investment trust ("REIT") focused on acquiring, owning and operating net leased industrial and office properties across the United States. We are providing the following monthly business update regarding our portfolio performance during a time of market volatility.100% of October cash base rents have been paid and collected.Portfolio occupancy is at 96.3%, as of October 31, 2022.We amended, extended and upsized our credit facility by adding $145.0 million of term loans and an additional $25.0 million commitment to our revolving credit facility, thereby

MCLEAN, VA / ACCESSWIRE / October 27, 2022 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") has acquired a 68,674 square foot industrial manufacturing and outdoor storage facility in Denver, Colorado, for a total purchase price of $12.0 million at a weighted GAAP capitalization rate of 8.2%.The property was acquired in a sale/leaseback transaction with twenty years of remaining absolute NNN term. The property is 100% leased to a leading provider of electric motor and generator repair services. The mission critical location has multiple capabilities, including in-shop repair, field services, and distribution and storage of critical assets. The acquisition is consisten

MCLEAN, VA / ACCESSWIRE / October 5, 2022 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("we" or "Gladstone Commercial") is a real estate investment trust ("REIT") focused on acquiring, owning and operating net leased industrial and office properties across the United States. We are providing the following business update regarding our portfolio performance during a time of market volatility.100% of September cash base rents have been paid and collected.Portfolio occupancy is at 96.9%, as of September 30, 2022.We acquired two industrial assets, totaling 116,703 square feet, in Jacksonville, Florida and Fort Payne, Alabama, for a total purchase price of $13.6 million.Year-to-date, we have

MCLEAN, VA / ACCESSWIRE / September 22, 2022 / Gladstone Commercial Corporation (NASDAQ:GOOD) has acquired two industrial assets, totaling 116,706 square feet, in Jacksonville, Florida and Fort Payne, Alabama, for a total purchase price of $13.6 million at a weighted GAAP capitalization rate of 7.45%.The Jacksonville, Florida asset was acquired in a sale/leaseback transaction with twenty years of remaining absolute NNN term. The Fort Payne, Alabama asset was purchased through an UPREIT transaction and carries 14.8 years of remaining NNN term. Both industrial assets are consistent with Gladstone Commercial's growth strategy of acquiring functional assets leased to credit-worthy tenants in str

MCLEAN, VA / ACCESSWIRE / September 1, 2022 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("we" or "Gladstone Commercial") is a real estate investment trust ("REIT") focused on acquiring, owning and operating net leased industrial and office properties across the United States. We are providing the following business update regarding our portfolio performance during a time of market volatility.We amended, extended and upsized our syndicated revolving credit and term loan facility from $325.0 million to $480.0 million. We used the net proceeds to pay down mortgage loans and borrowings under our revolving credit facility.100% of August cash base rents have been paid and collected.Portfolio

MCLEAN, VA / ACCESSWIRE / August 29, 2022 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") announced today that it sold its 60,000 SF Parsippany, New Jersey office building on August 25, 2022.Gladstone Commercial realized a leveraged internal rate of return of approximately 15% on the property, which it originally acquired in 2011."This sale marks another strong exit, as we look to selectively re-position our portfolio with a greater industrial focus," said EJ Wislar, Chief Investment Officer of Gladstone Commercial."This was a win-win for all parties," added Greg Yayac, Senior Vice President of Gladstone Commercial. "We are pleased to have found a solution to maximi

MCLEAN, VA / ACCESSWIRE / August 22, 2022 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") announced today that it has executed a 5-year, 4-month lease with Moss & Associates LLC ("Moss") for 47,566 SF at its 119,224 SF office building in Fort Lauderdale, Florida, commencing on November 1, 2025. Moss is currently sub-leasing the same amount of space through October 31, 2025 from the current full building tenant."We are excited to welcome Moss to our portfolio and look forward to having them as a tenant," said EJ Wislar, Chief Investment Officer of Gladstone Commercial."This direct deal after the sub-lease term shows their long-term commitment to the space," added Gre

MCLEAN, VA / ACCESSWIRE / August 18, 2022 / On August 18, 2022, Gladstone Commercial Corporation (NASDAQ:GOOD) announced today that it amended, extended and upsized its syndicated revolving credit and term loan facility from $325 million to $480 million. The term loan component was upsized by $135 million, while the revolving credit facility was upsized by $20 million. The company used the net proceeds to repay maturing mortgage loans and borrowings under the revolving credit facility. The increased availability under the facility will provide liquidity for future acquisitions and business operations.The new $140 million Term Loan C component matures in February 2028, the existing $160 milli

MCLEAN, VA / ACCESSWIRE / August 8, 2022 / On August 5, 2022, Gladstone Commercial Corporation (NASDAQ:GOOD) acquired a 246,000 square foot, two-property, industrial portfolio, with locations in Vineland, NJ, and Bridgeton, NJ, for a gross purchase price of $32.5 million at a GAAP capitalization rate of 7.2%.The portfolio, acquired in a sale/leaseback transaction, is 100% leased to Garden State Bulb Company and its affiliates, with fifteen (15) years of remaining absolute NNN term. Garden State Bulb Company is an industry leader in packaged dormant live goods products for sale in the US market. The acquisition of this industrial portfolio is consistent with Gladstone Commercial's growth stra

MCLEAN, VA / ACCESSWIRE / August 4, 2022 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") announced today that it executed a 5-year lease renewal with Corning, Inc. ("Corning") at its 120,000 SF industrial building in Horseheads, New York. The property has been fully occupied by Corning since Gladstone Commercial's purchase in 2005.Corning (NYSE:GLW) specializes in glass science, ceramic science, and optical physics, as well as related materials and technologies. The company traces its origins to 1851 and is headquartered in Corning, New York."We are pleased to extend Corning's lease for a second time under our ownership," stated EJ Wislar, Chief Investment Officer o

MCLEAN, VA / ACCESSWIRE / August 3, 2022 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("we" or "Gladstone Commercial") is a real estate investment trust ("REIT") focused on acquiring, owning and operating net leased industrial and office properties across the United States. We are providing the following business update regarding our portfolio performance during a time of market volatility.100% of July cash base rents have been paid and collected.Portfolio occupancy is at 97.3%, as of August 1, 2022.We sold our Jupiter, Florida office property for $19.0 million, with a gain of approximately $8.0 million.We appointed EJ Wislar, Head of our Southeast and Northeast Regions, as Chief Investm

MCLEAN, VA / ACCESSWIRE / July 28, 2022 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") announced it has entered into a 5.7 year lease with Cognizant Technology Solutions U.S. Corporation ("Cognizant") for 41,225 square feet of its 320,000 square foot, four story office building, located at 717 East Parmer Lane in Austin, Texas, bringing occupancy to approximately 70%."We are delighted to have Cognizant in our portfolio and express thanks to their real estate department for their assistance on the deal. We could not have asked for better partners. This transaction shows the strength of the Austin market and the resiliency of the office sector. I would also like to t

MCLEAN, VA / ACCESSWIRE / May 12, 2022 / On May 12, 2022, Gladstone Commercial Corporation (NASDAQ:GOOD) acquired a 345,584 square foot industrial manufacturing/distribution warehouse, located on 59 acres in Wilmington, North Carolina, for $18.8 million with a GAAP capitalization rate of 6.45%.The property is 100% leased to Pacon Manufacturing ("Pacon") with 13.1 years of remaining lease term. Pacon, founded in 1949, is a contract manufacturer of household/medical cleaning supplies that produces innovative, cost-effective wipes, pads, towels, surgical drapes, cleaning products, and custom converting solutions for a variety of consumer goods companies. The acquisition of this industrial asset

MCLEAN, VA / ACCESWIRE / May 9, 2022 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("we" or "Gladstone Commercial") is a real estate investment trust ("REIT") focused on acquiring, owning and operating net leased industrial and office properties across the United States. We are providing the following business update regarding our portfolio performance during a time of market volatility related to, among other factors, the global COVID-19 pandemic.100% of April cash base rents have been paid and collected.Portfolio occupancy is at 97.2%, as of May 6, 2022.We remain within a small subset of U.S. equity REITs that have maintained their dividend rate and payment of distributions in tandem wi

MCLEAN, VA / ACCESSWIRE / May 5, 2022 / On May 4, 2022, Gladstone Commercial Corporation (NASDAQ:GOOD) acquired a 260,719 square foot, two-property, industrial portfolio, with locations in Fort Payne, AL, and Cleveland, OH, for a gross purchase price of $19.3 million at a GAAP capitalization rate of 6.80%.The portfolio is 100% leased to Plasman™ with 11.4 years of remaining absolute NNN lease term. Plasman™ produces automotive bumpers, facias, grilles, and exterior trim components for major OEM brands, and is a significant player in the consumer goods market, specializing in precision molding. The acquisition of this industrial portfolio is consistent with Gladstone Commercial's growth strat

MCLEAN, VA / ACCESSWIRE / May 3, 2022 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") announced today that it executed a five-year lease with Aveda Services, Inc. ("Aveda") for 29,505 square feet within its industrial building located in Blane, Minnesota. Aveda is a wholly owned subsidiary of Estee-Lauder Inc. The lease brings the 92,187 square foot building to 100% occupancy."This lease completes our repositioning of this asset. We are grateful to the KimbleCo leasing team for their efforts in bringing our property to full occupancy with the addition of this quality tenant," said Karen Priesman, Senior Vice President, who leads asset management within the Midwest R

MCLEAN, VA / ACCESSWIRE / April 5, 2022 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("we" or "Gladstone Commercial") is a real estate investment trust ("REIT") focused on acquiring, owning and operating net leased industrial and office properties across the United States. We are providing the following business update regarding our portfolio performance during a time of market volatility related to, among other factors, the global COVID-19 pandemic.100% of March cash base rents have been paid and collected.Portfolio occupancy is at 97.0%, as of March 31, 2022.We remain within a small subset of U.S. equity REITs that have maintained their dividend rate and payment of distributions in tan

MCLEAN, VA / ACCESSWIRE / March 28, 2022 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") announced today that it executed a 15-year lease with CVG Management Corp. ("CVG") for its office building located in New Albany, Ohio. The property is near Intel's 3,200 acre, $20+ billion chip manufacturing campus to be developed in New Albany. The lease extends CVG's occupancy of the entire 50,499 square foot office building through March 31, 2037.CVG (NASDAQ:CVGI) is a global provider of systems, assemblies and components to the global commercial vehicle market, the electric vehicle market, and the warehouse automation market. Information about CVG and its products is availa

MCLEAN, VA / ACCESSWIRE / March 14, 2022 / Gladstone Commercial Corporation (NASDAQ:GOOD) acquired a 56,000 square foot industrial facility, located on three acres in Oklahoma City, Oklahoma, for $5.9 million on March 11, 2022.The property is Gladstone Commercial's second industrial acquisition in Oklahoma.The property, acquired in a sale/leaseback transaction, is 100% leased to Made By Influence LLC, with seven years of remaining absolute NNN lease term. Made by Influence uses the industrial manufacturing warehouse to produce branded apparel and other custom products as well as short-term storage before final product is shipped to national retail outlets or directly to consumers. The acquis

MCLEAN, VA / ACCESSWIRE / March 7, 2022 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") announced today that it executed a renewal with Bosch Security Systems Incorporated ("Bosch") for its office property located in the Minneapolis MSA. The renewal extends a 73,960 square foot office suite through July 31, 2028. A separate Bosch entity also renewed a 5,630 square foot office suite through January 31, 2024 within the property.Bosch creates customized building security solutions comprised of video surveillance, intrusion detection, fire detection and voice evacuation systems as well as access control and management systems. In addition, they provide professional audi

MCLEAN, VA / ACCESSWIRE / March 1, 2022 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("we" or "Gladstone Commercial") is a real estate investment trust ("REIT") focused on acquiring, owning and operating net leased industrial and office properties across the United States. We are providing the following business update regarding our portfolio performance during a time of market volatility related to, among other factors, the global COVID-19 pandemic.100% of February cash base rents have been paid and collected.Portfolio occupancy is at 97.2%, as of February 28, 2022.We remain within a small subset of U.S. equity REITs that have maintained their dividend rate and payment of distributions

MCLEAN, VA / ACCESSWIRE / February 24, 2022 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") acquired an 80,000 square foot industrial facility, located on 9.2 acres in Wilkesboro, North Carolina, for $7.4 million on February 24, 2022.The property is Gladstone Commercial's ninth industrial acquisition in North Carolina.The property is 100% leased to InterFlex Group ("InterFlex") with 12.7 years of remaining absolute NNN lease term. The property serves as a mission critical manufacturing and distribution facility that was built-to-suit for InterFlex in 2014 and is located less than two miles from their North American headquarters. InterFlex utilizes the facility to pr

MCLEAN, VA / ACCESSWIRE / January 3, 2022 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("we" or "Gladstone Commercial") is a real estate investment trust ("REIT") focused on acquiring, owning and operating net leased industrial and office properties across the United States. We are providing the following business update regarding our portfolio performance during a time of market volatility related to, among other factors, the global COVID-19 pandemic.100% of December cash base rents have been paid and collected.Portfolio occupancy is at 97.1%, as of December 31, 2021.We remain within a small subset of U.S. equity REITs that have maintained their dividend rate and payment of distribution

MCLEAN, VA / ACCESSWIRE / December 27, 2021 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") acquired a 300,000 square foot industrial facility, located on 16.3 acres in Crossville, Tennessee, for $29.0 million on December 21, 2021.The property is Gladstone Commercial's second industrial acquisition along the I-40 corridor in Tennessee.The property is 100% leased to CoLinx, LLC ("CoLinx") with 11.0 years of remaining absolute NNN lease term. The property serves as a mission critical distribution building as a part of CoLinx's central Crossville distribution network and is utilized for packaging, warehousing, and distribution of ball bearings and other mechanical part

MCLEAN, VA / ACCESSWIRE / December 22, 2021 / On December 21, 2021, Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") acquired a 120,000 square foot industrial facility located on 7.5 acres in Stone Mountain, Georgia for $12.0 million. The initial capitalization rate for the acquisition was 6.4%, with an average capitalization rate of 7.3%. The property is Gladstone Commercial's fifth industrial acquisition in Georgia.The property, acquired in a sale/leaseback transaction, is 100% leased to House of Cheatham LLC, with fifteen (15) years of remaining absolute NNN lease term. House of Cheatham uses the property for manufacture and distribution of its personal and beauty c

MCLEAN, VA / ACCESSWIRE / December 1, 2021 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("we" or "Gladstone Commercial") is a real estate investment trust ("REIT") focused on acquiring, owning and operating net leased industrial and office properties across the United States. We are providing the following business update regarding our portfolio performance during a time of market volatility related to, among other factors, the global COVID-19 pandemic.100% of November cash base rents have been paid and collected.Portfolio occupancy is at 97.8%, as of November 30, 2021.We remain within a small subset of U.S. equity REITs that have maintained their dividend rate and payment of distributio

MCLEAN, VA / ACCESSWIRE / November 16, 2021 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") announced today that it has executed a 10-year lease at its refrigerated industrial property located in Reading, Pennsylvania. The lease is for the full building, or 42,900 square feet, and was concurrent with the end of the building's prior lease, ensuring continued 100% occupancy at the facility with no downtime.The tenant is Country Fresh, a leading provider of fresh-cut fruits, vegetables and fresh snacking products. The tenant sells through its Country Fresh, Sun Rich and Grab Apples brands. The building will be used for its operations, including cutting fruits and veget

MCLEAN, VA / ACCESSWIRE / November 8, 2021 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") announced today that it has executed a 10-year lease extension with Gaylord Bros., Inc. ("Gaylord") at its 71,880 square foot Syracuse, New York industrial property. Gaylord occupies the entire property (which serves as its headquarters and also operates as a production facility) and its lease will now extend through May 31, 2035.Gaylord specializes in archival quality storage enclosures and is a provider of preservation and exhibit products to museums, archives, and other users."The building was leased to Gaylord when we acquired the property in 2007, and this is our third ti

MCLEAN, VA / ACCESSWIRE / November 4, 2021 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("we" or "Gladstone Commercial") is a real estate investment trust ("REIT") focused on acquiring, owning and operating net leased industrial and office properties across the United States. We are providing the following business update regarding our portfolio performance during a time of market volatility related to, among other factors, the global COVID-19 pandemic.100% of October cash base rents have been paid and collected. Portfolio occupancy is at 97.5%, as of November 1, 2021.We remain within a small subset of U.S. equity REITs that have maintained their dividend rate and payment of distribution

MCLEAN, VA / ACCESSWIRE / November 3, 2021 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") acquired a 161,458 square foot industrial facility on 20.45 acres in Monroe, North Carolina for $12.8 million on November 3, 2021.The property is Gladstone Commercial's third industrial acquisition in the Charlotte, North Carolina MSA.The property is 100% leased to Assa Abloy Entrance Systems, U.S., Inc. ("Assa Abloy") with 7.9 years of remaining absolute NNN lease term. The property serves as Assa Abloy's North American headquarters and is utilized for manufacturing and distribution of its access/entrance products and solutions. The acquisition of the industrial property is c

MCLEAN, VA / ACCESSWIRE / October 4, 2021 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("we" or "Gladstone Commercial") is a real estate investment trust ("REIT") focused on acquiring, owning and operating net leased industrial and office properties across the United States. We are providing the following business update regarding our portfolio performance during a time of market volatility related to, among other factors, the global COVID-19 pandemic.99% of September cash base rents have been paid and collected. Portfolio occupancy is in excess of 97%, as of September 30, 2021.We remain within a small subset of U.S. equity REITs that have maintained their dividend rate and payment of di

MCLEAN, VA / ACCESSWIRE / September 20, 2021 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") announced it has entered into a lease for five years and three months effective September 15, 2021, with a national credit tenant for half of its 320,000 square foot, four story office building located at 717 Parmer Lane in Austin, Texas.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. As of June 30, 2021, Gladstone Commercial's real estate portfolio consisted of 121 properties located in 27 states, totalin

MCLEAN, VA / ACCESSWIRE / September 7, 2021 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") is pleased to announce the hiring of Ryan Carter as an Executive Vice President. Mr. Carter will have responsibility for sourcing net leased real estate acquisitions and sale-leaseback investments in the Midwest and West while also managing and servicing Gladstone Commercial's existing assets in the regions in coordination with his asset management teams.Prior to joining Gladstone Commercial, Mr. Carter was a founding partner of Porthaven Partners, LLC, formed in 2009 as a full-service commercial real estate firm serving clients across the country. Mr. Carter also previously

McLEAN, VA / ACCESSWIRE / August 23, 2021 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") acquired an 81,760 square foot industrial facility on 4.1 acres in Peru, Illinois for $4.7 million on August 20, 2021.The initial capitalization rate for the acquisition was 6.9% with an average capitalization rate of 7.6%. The property is Gladstone Commercial's second industrial acquisition in the greater Chicagoland area.The property, acquired in a sale/leaseback transaction, is 100% leased to Pretium Packaging, LLC, with fifteen (15) years of remaining absolute NNN lease term. Pretium uses the property for manufacturing and distribution of its rigid plastic packaging product

MCLEAN, VA / ACCESSWIRE / July 26, 2021 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") announced it has entered into a ten year lease renewal for its entire 60,245 square foot, single story flex office building, located at 6550 First Park Ten in San Antonio, Texas. The property is leased to PIMA Medical Institute, which operates a medical trade school at the building and has been at the location since 2018."We are very happy to be able to continue our relationship with PIMA. They run a first-class operation and have been wonderful to work with. PIMA is a perfect example of the high quality of our tenant roster," said Buzz Cooper, Gladstone Commercial's Chief Invest