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$24,700,000

 
Third Party Purchase  
Richardson, TX  

Gladstone Commercial Corporation (NASDAQ: GOOD) purchased a two-story, 155,984 square foot, single-tenant office building located in Richardson, Texas for $24.7 million at an average cap rate of 8.26%.

Located in Dallas's Telecom Corridor, the property has direct access to North Central Expressway (US-75), President George Bush Turnpike (SH 190) and LBJ Freeway (I-635) and includes an above-market parking ratio of 7.31/1,000.

"This acquisition demonstrates Gladstone Commercial's continued focus on acquiring single-tenant properties with solid credit in growing markets," explained Senior Managing Director Buzz Cooper. "This acquisition brings our Dallas-Ft. Worth MSA portfolio to seven properties. This is a strong, growing market and we are actively pursuing more deals in the area."

 
   
 
    For more information on this transaction, please contact:     
   

Buzz Cooper
Senior Managing Director
(703) 287-5815

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 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