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| Debt/Equity Transactions |
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| Real Estate Transactions |
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St. Vincent Mercy Medical |
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Nationwide Mutual Insurance Company |
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| Gladstone Commercial has acquired a 42,000 sq ft. office building in Richmond, VA occupied by Nationwide Insurance. The company utilizes the building as its Virginia Operations Center and property claims processing center. Nationwide (NYSE: NFS) provides a variety of financial services that help consumers invest, and offers retirement plans and services through both public- and private-sector employers. www.nationwide.com |
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| Gladstone Commercial has acquired a 347,000 sq ft. warehouse/manufacturing building in Cleveland, OH occupied by Pennzoil Quaker State. Pennzoil Quaker State is a wholly–owned subsidiary of Shell Oil Company that uses the facility for production and distribution of consumer car care products including Rain-X, Blue Coral, Black Magic, Westley's (exterior cleaning products), Slick 50 (engine treatment), Fix-a-Flat (tire inflator), Gumout (carburetor spray), Outlaw and Snap (fuel additives). www.pennzoil.com |
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Homemade Brand Foods Company, Inc. |
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| Gladstone Commercial has acquired the 71,000 sq ft headquarters and sole food processing & production facility of Homemade Brand Foods Company, Inc. in Newburyport, MA. The company was recently acquired by a private equity firm. Homemade Brand Foods Company, Inc. provides a complete line of Home Meal Replacement products, prepared salads and desserts for the retail, food service and institutional trades. The production portion of the facility is 100% USDA-certified. www.hmbf.com |
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| Gladstone Commercial has completed sale-leaseback transactions of three office/industrial buildings with Metal Spinners, Inc. totaling 154,000 sq. ft. Two buildings are in Angola, IN and one is in Rock Creek, IL. The properties include Metal Spinners, Inc. headquarters and two of its manufacturing facilities. The company is a leading independent metal-forming manufacturing company focused on metal spinning, hydroforming, deep drawing, and other specialized metal forming methods. www.metalspinners.com |
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| Gladstone Commercial has acquired a 50,000 sq. ft. office/industrial building in St. Louis, MO occupied by Workflow Management. Workflow Management was recently acquired by a private equity firm. Workflow Management is the nation’s largest vendor-neutral provider of printing and promotional products. www.workflowmanagement.com |
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| Gladstone Commercial has completed a sale/leaseback of a 180,000 sq ft. office/warehouse in Franklin, NJ with Stull Technologies, Inc., as part of a total recapitalization of the company. The building is the headquarters for Stull Technologies, Inc,, which is a leading provider of functional plastic closures for use in the consumer goods packaging industry. www.stulltech.com |
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| Gladstone Commercial has acquired a single story 30,300 sq ft. flex/office property located in Eatontown, NJ occupied by York Telecom Corporation for their headquarters. The company designs, installs, and supports videoconferencing and distance learning applications for government agencies and corporations. www.yorktel.com |
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AFL Telecommunications, LLC |
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| Gladstone Commercial has acquired a 278,000 sq ft office/industrial building in Duncan, SC occupied by AFL Telecommunications, LLC. AFL Telecommunications, LLC manufactures, engineers and installs fiber optic products and equipment that communications providers need to provide high-speed voice, video and data services to their customers. www.afltele.com |
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| Gladstone Commercial has acquired a 60,000 sq ft. office building in Dayton, OH occupied by MTC Technologies, Inc. for their headquarters. MTC is a defense contracting firm (NASDAQ: MTCT) that has occupied the building since the mid-1980’s. www.mtctechnologies.com |
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| Gladstone Commercial has acquired a 64,000 sq ft. bakery/warehouse building near Dallas, TX occupied by Sara Lee Corporation. Sara Lee Corporation (NYSE: SLE) is a global manufacturer and marketer of high-quality, brand-name products for consumers throughout the world. www.saralee.com |
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| Gladstone Commercial has acquired a 70,000 sq ft. call center in Wichita, KS occupied by T-Mobile, USA. This is one of seven US call centers in Wichita, KS. T-Mobile International provides cellular service on both sides of the Atlantic with a single global brand name and a single digital technology standard. www.t-mobile.com |
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Corinthian Colleges, Inc. |
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| Gladstone Commercial has completed a sale-leaseback transaction for a 60,000 sq ft. office/school building in San Antonio, TX with Corinthian Colleges, Inc. Corinthian Colleges, Inc. (NASDAQ: COCO) is one of the largest for-profit, post-secondary education companies with 150 colleges and training centers throughout the U.S. and Canada. www.cci.edu |
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| Gladstone Commercial has acquired a 39,000 sq. ft. truck maintenance facility in Columbus, OH occupied by Waste Management, Inc. Waste Management (NYSE: WMI), which is the leading provider of comprehensive waste and environmental services in North America. www.wm.com |
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