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$13,000,000

 
Sale Leaseback  
Atlanta, GA  

Gladstone Commercial Corporation (NASDAQ: GOOD) purchased purchased a four-story, 78,151 square foot office building located in Atlanta, Georgia for $13.0 million.

The property has been leased back to Delta Community Credit Union. Founded in 1940 and based in Atlanta, GA, Delta Community Credit Union is the 23rd largest credit union in the U.S. and is the largest credit union in the state of Georgia with 26 branches. The property houses the tenant's flagship retail branch and also serves as an office location for the tenant. The retail branch has been leased back to the tenant for 15 years and the office space has been leased back to the tenant for 7 years. The Seller and Tenant were represented by Kirk Diamond and Robert Aldrich of DTZ.

"This acquisition demonstrates Gladstone Commercial's continued focus on partnering with strong tenants to acquire properties in growing markets," explained Senior Managing Director Buzz Cooper. "This acquisition brings our Atlanta MSA portfolio to nine properties. We look forward to expanding our relationship with Delta Community Credit Union in the future."

 
   
 
    For more information on this transaction, please contact:     
   

Buzz Cooper
Senior Managing Director
(703) 287-5815

Brandon Flickinger
Director
(703) 287-5819

   
   
 
    THE GLADSTONE COMPANIES    
   

Leaders in private equity, debt and real estate ownership and financing, the Gladstone Companies are a family of public and private investment funds. Our funds invest in commercial real estate, farmland, and small and medium-sized companies and provide financing to such businesses across the capital structure, from second lien and mezzanine debt, to equity and real estate financing solutions.

Financing for the Gladstone Companies is provided by four public investment vehicles: Gladstone Capital Corporation (NASDAQ: GLAD), Gladstone Investment Corporation (NASDAQ: GAIN), Gladstone Commercial Corporation (NASDAQ: GOOD), and Gladstone Land Corporation (NASDAQ: LAND).

 
   
 
 

WASHINGTON, DC
1521 Westbranch Drive
Suite 100
McLean, VA
22102

LOS ANGELES, CA
2301 Rosecrans Avenue
Suite 4194
El Segundo, CA
90245

CHICAGO, IL
200 South Wacker Drive
31st Floor
Chicago, IL
60606

NEW YORK, NY
245 Park Avenue
39th Floor
New York, NY
10167

                                       
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1521 Westbranch Drive · Suite 100 · McLean, VA 22102
(703) 287-5800 · (703) 287-5801 fax