MCLEAN, VA, /PRNewswire/ -- Gladstone Commercial Corporation (Nasdaq: GOOD) (the "Company") reported it purchased a 60,000 square foot office building in Hickory, North Carolina for $10.7 million. The property was built-to-suit for the current tenant in 2008, who has nine years remaining on the lease. The tenant also has two options to extend the lease for additional periods of five years each. The guarantor of the lease is a public, investment grade corporation.
"We are excited to add this property and quality tenant to our existing portfolio, and we are looking forward to continuing to grow our portfolio during 2011," said Chip Stelljes (top right photo) the Company's President and Chief Investment Officer.
Gladstone Commercial Corporation is a publicly-traded real estate investment trust ("REIT") that focuses on investing in and owning triple-net leased industrial and commercial real estate properties and selectively making long-term mortgage loans.
Additional information on this transaction can be found at http://www.gladstonecompanies.com/.
For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit http://www.gladstone.com/.
Contact:: Gladstone Commercial Corporation, +1-703-287-5893
Web Site: http://www.gladstonecompanies.com/
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