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$10,000,000

 
Third Party Purchse  
Denver, CO  

Gladstone Commercial Corporation (NASDAQ: GOOD) purchased a 189,210 square foot industrial building in Denver, Colorado for $10.0 million. The property is fully leased through December 2024 to Premium Pet Health, LLC, a wholly owned subsidiary of Smithfield Foods. The building serves as headquarters of, as well as a manufacturing and distribution facility for, Premium Pet Health, which specializes in the sourcing, production, sales and distribution of all proteins for use by the pet care industry. The property is located in an industrial park in close proximity to downtown Denver with direct rail service and easy access to I-25, 1-270 and the Denver airport.

"This acquisition marks our third acquisition in Colorado and our fourth acquisition in the Western U.S., which continues our strategic expansion into both primary and secondary markets in the Western U.S.," said Andrew White, Managing Director of the Company. "The low single digit vacancy for industrial space in this submarket combined with the 10 year lease to Premium Pet Health should provide attractive stable returns to our investors over the long term given the attributes of the real estate and strong economic fundamentals driving the Denver real estate market."

 
   
 
    For more information on this transaction, please contact:     
   

Andrew White
Managing Director
(310) 953-4960

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