Gladstone Commercial Corporation Announces Property Acquisition in Novi, Michigan
January 06, 2014 at 09:56 pm
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Gladstone Commercial Corporation reported that it purchased a 156,200 square foot industrial building located in Novi, Michigan for $7.3 million on December 27, 2013. The property is fully leased to Eberspaecher North America Inc. (Eberspaecher) through April 2024.
Gladstone Commercial Corporation is a real estate investment trust (REIT). The Company is focused on acquiring, owning and operating net leased industrial and office properties across the United States. It conducts its operations through a subsidiary, Gladstone Commercial Limited Partnership (Operating Partnership). It owns about 133 properties totaling 16.84 million square feet of rentable space, located in 27 states. Its 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. Its 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 
