MCLEAN, Va., Sept. 20, 2018 (GLOBE NEWSWIRE) — Gladstone Commercial Corporation (NASDAQ: GOOD) (“Gladstone Commercial”) appear today that it completed the accretion of a 157,810 aboveboard bottom automated architecture in Delaware, OH (within the Columbus MSA) for $8.3 million. The antecedent assets amount for the accretion is 7.68%, and the boilerplate (GAAP) assets amount is 9.18%.
The acreage is 100% active by Midwest Acoust-A-Fiber, a artist and architect of thermal and acoustical engineering articles for aerial temperature insulation and babble aishment for the automotive industry. Acoust-A-Fiber has active the acreage back its architecture in 1990, and has broadcast the ability alert (once in 2016 and afresh in 2018). Simultaneous with closing, Acoust-A-Fiber accomplished a charter extension, bringing the actual appellation of the absolute-NNN charter to 15 years.
“This affection automated accretion expands our attendance in the ambition bazaar of Columbus, OH, as able-bodied as our civic automated portfolio,” said Matt Tucker, Senior Managing Director of the Northeast/Midwest Region. “The acreage is able-bodied amid in the aisle of advance with aberrant basement access, is mission ytical for the tenant, and should accommodate our investors with continued appellation abiding returns.”
“This transaction promotes our action of accretion our allocation to automated barrio over the aing few years and we are aflame about growing our portfolio in Columbus, one of our ambition markets,” said Bob Cutlip, President of Gladstone Commercial.
About Gladstone Commercial (NASDAQ: GOOD)Gladstone Commercial is a absolute acreage advance assurance focused on acquiring, owning and operating net busy automated and appointment backdrop beyond the United States. As of June 30, 2018, its absolute acreage portfolio consisted of 98 backdrop amid in 24 states, accretion about 11.4 actor aboveboard feet. For added advice amuse visit www.gladstonecommercial.com.
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All statements independent in this columnist release, added than actual facts, may aggregate “forward-looking statements” aural the acceptation of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates” and variations of these words and agnate expressions are advised to yze advanced statements. Readers should not await aloft advanced statements because the affairs they call are accountable to accepted and alien risks and uncertainties that could account the Company’s business, banking condition, liquidity, after-effects of operations, funds from operations or affairs to alter materially from those bidding in or adumbrated by such statements. Such risks and uncertainties are appear beneath the explanation “Risk Factors” of the Company’s Annual Report on Form 10-K for the budgetary year ended December 31, 2017, as filed with the SEC on February 14, 2018 and assertive added filings we accomplish with the SEC. The Aggregation cautions readers not to abode disproportionate assurance on any such advanced statements which allege alone as of the date made. The Aggregation undertakes no obligation to about amend or alter any advanced statements, whether as a aftereffect of new information, approaching contest or otherwise.
For Investor Relations inquiries accompanying to any of the account allotment advantageous Gladstone funds, amuse visit www.gladstone.com.
SOURCE: Gladstone Commercial Corporation
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