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$10,500,000

 
Third Party Purchse  
Indianapolis, IN  

Gladstone Commercial Corporation (NASDAQ: GOOD) purchased a five-story, 86,495 square foot, multi-tenant office building located in Indianapolis, Indiana. The anchored multi-tenant property serves as the headquarters for Community Health Network, Inc.'s for-profit subsidiary, Visionary Enterprises Inc.

Ranked among the nation's most integrated healthcare systems, Community Health Network is Central Indiana's leader in providing convenient access to exceptional healthcare services, where and when patients need them—in hospitals, health pavilions and doctor's offices, as well as workplaces, schools and homes. As a non-profit health system with over 200 sites of care and affiliates throughout Central Indiana, Community's full continuum of care integrates hundreds of physicians, specialty and acute care hospitals, surgery centers, home care services, MedChecks, behavioral health and employer health services. CHN occupies 71% of the space through February 2026; the remaining 25% is leased to six tenants with staggered lease maturities through 2018.

"This acquisition is consistent with our strategic decision to focus our acquisition efforts on primary and strong secondary markets" said Matt Tucker, Managing Director of Gladstone Commercial. "The property's strong tenancy and premiere location with excellent frontage on the I-69 and I-465 exchange will provide stable and attractive returns for our investors. This acquisition expands our anchored multitenant platform and establishes our presence in the Indianapolis market."

 
   
 
    For more information on this transaction, please contact:     
   

Matt Tucker
Managing Director
(703) 287-5830

Brandon Flickinger
Principal
(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 as applicable, 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
1600 Rosecrans Avenue
Media Center, 4th Floor
Manhatthan Beach, CA
90266

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