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$39,000,000

Sale Leaseback
Scranton, PA
 

Gladstone Commercial Corporation (NASDAQ: GOOD) purchased a 955,935 square foot bulk distribution warehouse located in Scranton, PA. The property is occupied by a regional third-party logistics company under a ten-year absolute net lease. 

"This acquisition is consistent with our strategic decision to focus our acquisition efforts on high-quality, functional properties in primary and strong secondary markets" said Matt Tucker, Managing Director of Gladstone Commercial. "The property is a high-quality front-loading distribution building, with 35-foot clear heights and 169 dock doors. We believe that this property, located in the Northeastern Pennsylvania submarket of the I-81 distribution corridor, a very strong primary distribution market, will provide stable long-term accretive returns to our shareholders."

   
   
 
    For more information on this transaction, please contact:     
   

Matt Tucker
Managing Director
(703) 287-5830

Jason Kowalski
Principal
(703) 287-5895

     
   
 
    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).

 
   
 
   

 

LOS ANGELES, CA
1600 Rosecrans Avenue
Media Center, 4th Floor
Manhatthan Beach, CA
90266

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

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