MCLEAN, Va., April 8, 2013 /PRNewswire/ -- Gladstone
Commercial Corporation (NASDAQ: GOOD) (the "Company") reported
today that it purchased a 29,257 square foot building in
Egg Harbor Township, New Jersey
for $5.65 million. The property is a
two-story office building that includes administrative and
operational office space leased to AtlantiCare Health System, Inc.,
a not-for-profit health system.
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"Acquiring this high quality facility is consistent with our
growth strategy," said Matt Tucker,
Director of our investment adviser responsible for the transaction.
"The buyer and seller teams worked together seamlessly to navigate
a complicated subdivision process to execute a successful
transaction for all parties."
Gladstone Commercial Corporation is a real estate investment
trust ("REIT") that invests in and owns net leased industrial,
commercial and retail real property and selectively makes long-term
industrial and commercial mortgage loans. The Company
currently owns 81 properties. Including payments through
March 2013, the Company has paid 99
consecutive monthly cash distributions on its common stock. Prior
to paying distributions on a monthly basis, the Company paid five
consecutive quarterly cash distributions. The Company has
paid 87 consecutive monthly cash distributions on its Series A
preferred stock, 78 consecutive monthly cash distributions on its
Series B preferred stock, 14 consecutive monthly cash distributions
on its Series C Term Preferred Stock and 38 consecutive monthly
cash distributions on its Senior Common Stock. The Company has
never skipped, reduced or deferred a monthly distribution since
inception, over eight years ago. Additional information can be
found at www.gladstonecompanies.com.
For Investor Relations inquiries related to any of the monthly
dividend paying Gladstone funds,
please visit www.gladstone.com.
SOURCE Gladstone Commercial Corporation