Gladstone Commercial Corporation Announces Property Acquisition in Englewood, CO for $18.25M

Loading...
Loading...
Gladstone Commercial Corporation
GOOD
(the "Company") reported today that it purchased Parkside Office Plaza, a three-story, 97,797 square foot, single-tenant office building located in Englewood, Colorado for $18.25 million. The Class A, LEED Gold property is leased to ViaSat, Inc.
VSAT
through September 2021, and is the home of ViaSat's Exede Internet and other consumer broadband services. ViaSat is an innovator in satellite and other wireless networking systems and services. The Property is located in the Inverness Business Park, a master-planned park in the Southeast submarket of Denver, Colorado. "This acquisition is consistent with our strategic decision to expand our acquisition efforts in both primary and secondary markets in the Western U.S." said Andrew White, Managing Director of the Company. "The Class A construction, strong tenancy and premiere location in Denver's Southeast submarket will provide stable and attractive returns for our investors." Gladstone Commercial's real estate portfolio now consists of 86 properties located in 22 states, totaling approximately 9.1 million square feet. For more information regarding Gladstone Commercial's activity in the Western U.S., please contact Andrew White at Andrew.White@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.gladstonecompanies.com. For further information: Gladstone Commercial Corporation +1-703-287-5893 For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com.
Loading...
Loading...
Posted In: NewsM&A
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...