-
Ella Stiller on 'Cupertino' and Her Stance on AI
-
USMNT Coaching Search: Guardiola, Cherundolo, and Others Named as Pochettino Replacements
-
North Dakota Enacts Bipartisan Insulin Price Cap Amid National Push
-
Turkish Airlines Launches Fourth Mainland China Route to Chengdu
-
Basil Tuma Scores First Senior Goal as Malta Draws with Ten-Man Eswatini
-
RSC’s ‘Julius Caesar’ Reimagined in Women’s Prison Setting for School Tour
-
Rock & Roll Hall of Fame Inductees Announced; Attendance List Shrinks
-
Thomson Reuters Integrates CUBE Regulatory Intelligence into CoCounsel Legal
-
Xenetic Biosciences Reports Third Quarter 2026 Financial Results and Highlights Strategic Business Updates
-
GameSquare's Hatchet Publishes TikTok Live for Gaming in H1 2026 Report
-
Does IRS Debt Expire? Clear Start Tax Explains the 10-Year Collection Statute and What Quietly Resets It
-
Arrive AI Reports Third Quarter 2026 Results Highlighted by Revenue Growth and Expanded Partnerships
-
Digi Power X Reports Q3 2026 Revenue Up 85% and AI Revenue Up Over 400% Compared to Q2
-
Mako Mining Reports Q3 2026 Financial Results, Including Adjusted EBITDA(1) of US$30.3 million and EPS of US$0.19/share
-
eXoZymes to Host Third Quarter 2026 update Conference Call on Thursday, November 19, 2026
-
InterContinental Hotels Group PLC Announces Transaction in Own Shares - November 13
-
How Families Plan and Save for Holiday Travel
-
Greenwich LifeSciences Interview to Air Nationally on the RedChip Small Stocks, Big Money(TM) Show on CNBC and Bloomberg TV
-
ACCESS Newswire Continues to Repurchase its Shares
-
Road Access Completed Drill Program to Begin
-
SMX Brings American Ingenuity to the Next Frontier of Artificial Intelligence
-
Vulcan Minerals Inc. - Review and Update on Affiliated Company Atlas Salt Inc.
-
The Epomaker Alice40 Brings Mahjong Sound and Sunset Style to Ergonomic Typing
-
MARS Energy Group Adds Jigar Shah to Advisory Board to Accelerate Battery Storage Growth
-
DataMEDS AI Reports 50% Sequential Revenue Growth in Third Quarter 2026 From Second Quarter 2026, Delivers Net Profit Per Share of $2.72 and Provides Business Update
-
Jaguar Health to Hold Investor Webcast November 17 Regarding Q3 2026 Financials & Corporate Updates
-
Below Deck alumnus João Franco and brother arrested after fatal Turkey fight
-
Ole Miss inquiry expands after video and monkey-noise allegations
-
Thousands of Urban Homes Left Without High-Speed Internet Due to Broadband Blackspots
-
General Hospital actor Randall England dies at 75
-
Bunnie XO artwork taken down from Jelly Roll’s Nashville bar
-
London museum removes Russell Brand hair exhibit after rape conviction
-
Arlington sentinel rebukes Pete Hegseth entourage for laughter near memorial
-
Yella Beezy sentenced to life for arranging rapper Mo3’s murder
-
Kylie Jenner employee describes closet ordeal and pepper-spray incident
-
Authorities to identify Montauk Mary and five other Long Island cold-case victims
-
Davante Adams injury deepens Los Angeles Rams receiver shortage
-
Barbie sequel negotiations stall over reported $25 million pay packages
Gladstone Commercial Announces Industrial Acquisition in Dallas/Fort Worth (D/FW) International Airport
MCLEAN, VA / ACCESS Newswire / March 31, 2025 / Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial") is pleased to announce the acquisition of a newly constructed, 140,304 square-foot, Class A USDA food processing facility. This state-of-the-art facility, purchased for $44,000,000, features advanced cold storage capabilities and has been secured at a weighted average GAAP capitalization rate of 8.44%. The facility features extensive ammonia cold storage space, 40-foot clear heights, 15 dock doors, and a cross-dock configuration. The property was acquired through a third-party transaction and is under an 11.3-year absolute NNN lease.
The property is 100% leased to Three Sons Holding Inc., DBA American Meat Companies ("AMC"), a third-generation, family-owned business. AMC was founded nearly 50 years ago in 1975 and has established a strong reputation for quality and safety in the meat processing industry. AMC produces high-quality steaks, hamburger patties, pork chops, poultry items, and custom-prepared products tailored to customer needs.
This acquisition aligns with Gladstone Commercial's growth strategy of acquiring high-quality, mission critical assets leased to creditworthy tenants in robust industrial markets. The property was marketed by Jonathan Bryan of CBRE National Partners.
Comments from Gladstone Commercial's Head of South-Central Region, Todd McDonald: "We are excited to add another functional, Class A building to our portfolio. We are also proud to add a high-quality tenant to our roster with a strong commitment to the building and a long-term net lease."
Comments from Gladstone Commercial's President, Buzz Cooper: "We continue to focus on industrial assets, adhering to a disciplined acquisition process. This acquisition, involving a high-quality food processing facility, reflects our commitment to securing mission-critical assets in strong markets. This purchase demonstrates our dedication to partnering with leading tenants in competitive markets, enhancing our long-term growth strategy."
About Gladstone Commercial (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 December 31, 2024, Gladstone Commercial's real estate portfolio consisted of 135 properties located in 27 states, totaling approximately 16.9 million square feet. For additional information, please visit www.gladstonecommercial.com.
For Broker Submittals:
South Central: | Midwest/West |
Todd Alan McDonald | Ryan Carter |
Senior Vice President | Executive Vice President |
(703) 287-5895 | (571) 451-0019 |
Southeast/Northeast | |
Nick Lindsay | |
Vice President | |
(703) 966-3864 | |
Investor or Media Inquiries:
Buzz Cooper | Catherine Gerkis |
President | Director of Investor Relations/ESG |
(703) 287-5815 | (703) 287-5846 |
All statements contained in this press release, other than historical facts, may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements involve inherent risks and uncertainties as they relate to expectations, beliefs, projections, future plans and strategies, anticipated events, or trends concerning matters that are not historical facts and may ultimately prove to be incorrect or false. Forward-looking statements include information about possible or assumed future events, including, without limitation, those relating to the discussion and analysis of Gladstone Commercial's business, financial condition, results of operations, and our strategic plans and objectives. Words such as "may," "might," "believe," "will," "anticipate," "future," "could," "growth," "plan," "intend," "expect," "should," "would," "if," "seek," "possible," "potential," "likely" and variations of these words and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements contain these words. Forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those included within or contemplated by such statements, including, but not limited to, the description of risks and uncertainties in "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" of the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as filed with the SEC on February 18, 2025, and certain other filings made with the SEC. Gladstone Commercial cautions readers not to place undue reliance on any such forward-looking statements which speak only as of the date made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
For further information: Gladstone Commercial Corporation, (703) 287-5893
For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstonecompanies.com.
SOURCE: Gladstone Commercial Corporation
View the original press release on ACCESS Newswire
A.Jones--AMWN