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Miami Herald
a day ago
- Business
- Miami Herald
Gladstone Commercial Announces Industrial Acquisition in Harrison Township, Michigan
MCLEAN, VA / ACCESS Newswire / June 26, 2025 / Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial") is pleased to announce the acquisition of a 215,102 square foot, crane-served industrial manufacturing, distribution, and warehouse facility located in Harrison Township, Michigan. The property was acquired for $16.25 million at a weighted average GAAP capitalization rate of 9.59%. The facility is 100% leased to Yanfeng International Automotive Technology US, a U.S.-based subsidiary of Yanfeng International Automotive Technology Co., Ltd, a global investment-grade automotive supplier specializing in interiors, exteriors, seating, cockpit electronics, and passive safety systems. This acquisition aligns with Gladstone Commercial's strategy of acquiring mission-critical, high-quality industrial assets leased to strong credit tenants in growth markets. "We are excited to expand our industrial portfolio with a well-located, mission-critical facility leased to a world-class tenant. This acquisition strengthens our existing relationship with Yanfeng, adds synergies across our portfolio, and supports our long-term strategy of acquiring functional assets with strong tenant credit and long-term upside," stated Ryan Carter, Executive Vice President of Gladstone Commercial. "This addition further advances our strategy of expanding our industrial footprint in core U.S. manufacturing markets. The facility is leased long-term to a creditworthy tenant and is strategically located in the Detroit metro area, which continues to benefit from strong demand tied to domestic manufacturing. The acquisition is immediately accretive, extends our weighted average lease term, and reinforces our focus on durable cash flows and industrial growth," said Buzz Cooper, President of Gladstone Commercial. About Gladstone Commercial (Nasdaq: GOOD) Gladstone Commercial is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties across the United States. As of March 31, 2025, Gladstone Commercial's real estate portfolio consisted of 141 properties located in 27 states, totaling approximately 17.3 million square feet. For additional information, please visit For Broker Submittals: Investor or Media Inquiries: All statements contained in this press release, other than historical facts, may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements involve inherent risks and uncertainties as they relate to expectations, beliefs, projections, future plans and strategies, anticipated events, or trends concerning matters that are not historical facts and may ultimately prove to be incorrect or false. Forward-looking statements include information about possible or assumed future events, including, without limitation, those relating to the discussion and analysis of Gladstone Commercial's business, financial condition, results of operations, and our strategic plans and objectives. Words such as "may," "might," "believe," "will," "anticipate," "future," "could," "growth," "plan," "intend," "expect," "should," "would," "if," "seek," "possible," "potential," "likely" and variations of these words and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements contain these words. Forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those included within or contemplated by such statements, including, but not limited to, the description of risks and uncertainties in "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" of the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as filed with the SEC on February 18, 2025, and certain other filings made with the SEC. Gladstone Commercial cautions readers not to place undue reliance on any such forward-looking statements which speak only as of the date made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. For further information: Gladstone Commercial Corporation, (703) 287-5893 For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit SOURCE: Gladstone Commercial Corporation
USA Today
2 days ago
- Business
- USA Today
Gladstone Commercial Announces Industrial Acquisition in Harrison Township, Michigan
Gladstone Commercial Corporation (Nasdaq:GOOD) ('Gladstone Commercial') is pleased to announce the acquisition of a 215,102 square foot, crane-served industrial manufacturing, distribution, and warehouse facility located in Harrison Township, Michigan. The property was acquired for $16.25 million at a weighted average GAAP capitalization rate of 9.59%. The facility is 100% leased to Yanfeng International Automotive Technology US, a U.S.-based subsidiary of Yanfeng International Automotive Technology Co., Ltd, a global investment-grade automotive supplier specializing in interiors, exteriors, seating, cockpit electronics, and passive safety systems. This acquisition aligns with Gladstone Commercial's strategy of acquiring mission-critical, high-quality industrial assets leased to strong credit tenants in growth markets. 'We are excited to expand our industrial portfolio with a well-located, mission-critical facility leased to a world-class tenant. This acquisition strengthens our existing relationship with Yanfeng, adds synergies across our portfolio, and supports our long-term strategy of acquiring functional assets with strong tenant credit and long-term upside,' stated Ryan Carter, Executive Vice President of Gladstone Commercial. 'This addition further advances our strategy of expanding our industrial footprint in core U.S. manufacturing markets. The facility is leased long-term to a creditworthy tenant and is strategically located in the Detroit metro area, which continues to benefit from strong demand tied to domestic manufacturing. The acquisition is immediately accretive, extends our weighted average lease term, and reinforces our focus on durable cash flows and industrial growth,' said Buzz Cooper, President of Gladstone Commercial. About Gladstone Commercial (Nasdaq: GOOD) Gladstone Commercial is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties across the United States. As of March 31, 2025, Gladstone Commercial's real estate portfolio consisted of 141 properties located in 27 states, totaling approximately 17.3 million square feet. For additional information, please visit For Broker Submittals: Midwest/West South Central Ryan Carter Todd Alan McDonald Executive Vice President Senior Vice President (571) 451-0019 (703) 287-5895 Southeast/Northeast Nick Lindsay Vice President (703) 966-3864 Investor or Media Inquiries: Buzz Cooper Catherine Gerkis President Director of Investor Relations/ESG (703) 287-5815 (703) 287-5846 All statements contained in this press release, other than historical facts, may constitute 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended (the 'Securities Act'), and Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'). Forward-looking statements involve inherent risks and uncertainties as they relate to expectations, beliefs, projections, future plans and strategies, anticipated events, or trends concerning matters that are not historical facts and may ultimately prove to be incorrect or false. Forward-looking statements include information about possible or assumed future events, including, without limitation, those relating to the discussion and analysis of Gladstone Commercial's business, financial condition, results of operations, and our strategic plans and objectives. Words such as 'may,' 'might,' 'believe,' 'will,' 'anticipate,' 'future,' 'could,' 'growth,' 'plan,' 'intend,' 'expect,' 'should,' 'would,' 'if,' 'seek,' 'possible,' 'potential,' 'likely' and variations of these words and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements contain these words. Forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those included within or contemplated by such statements, including, but not limited to, the description of risks and uncertainties in 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' of the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as filed with the SEC on February 18, 2025, and certain other filings made with the SEC. Gladstone Commercial cautions readers not to place undue reliance on any such forward-looking statements which speak only as of the date made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. For further information: Gladstone Commercial Corporation, (703) 287-5893 For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit SOURCE: Gladstone Commercial Corporation View the original press release on ACCESS Newswire
Miami Herald
12-05-2025
- Business
- Miami Herald
Gladstone Commercial Announces Industrial Acquisition in Germantown, Wisconsin
MCLEAN, VA / ACCESS Newswire / May 12, 2025 / Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial") is pleased to announce the acquisition of a newly constructed 303,991 square-foot, Class A, fully temperature controlled facility located in Germantown, Wisconsin. This state-of-the-art property was purchased for $62,700,000, providing a weighted average GAAP capitalization rate of 8.74%. The facility includes specialized freezer and cooler storage and was built to support high-capacity pet food production and distribution. The facility is 100% leased to G&H Pets, LLC through September 2044. The tenant is the in-house manufacturing platform for California Pet Partners, producing premium freeze-dried raw pet food for dogs and cats currently sold under several brands. Comments from Gladstone Commercial's Executive Vice President, Ryan Carter: "We are excited to expand our industrial portfolio with a mission-critical, high-quality asset leased to a strong, creditworthy tenant. This property stands out as one of the highest-quality assets in our portfolio and offers an attractive yield." Comments from Gladstone Commercial's President, Buzz Cooper: "We continue to focus on high-quality industrial assets supported by a disciplined underwriting process. This acquisition reflects our commitment to investing in growing markets and securing facilities leased to creditworthy tenants in expanding industries. It aligns with our strategy to build a durable portfolio that supports long-term growth and stable cash flow." About Gladstone Commercial (Nasdaq: GOOD) Gladstone Commercial is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties across the United States. As of March 31, 2025, Gladstone Commercial's real estate portfolio consisted of 141 properties located in 27 states, totaling approximately 17.3 million square feet. For additional information, please visit For Broker Submittals: Investor or Media Inquiries: All statements contained in this press release, other than historical facts, may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements involve inherent risks and uncertainties as they relate to expectations, beliefs, projections, future plans and strategies, anticipated events, or trends concerning matters that are not historical facts and may ultimately prove to be incorrect or false. Forward-looking statements include information about possible or assumed future events, including, without limitation, those relating to the discussion and analysis of Gladstone Commercial's business, financial condition, results of operations, and our strategic plans and objectives. Words such as "may," "might," "believe," "will," "anticipate," "future," "could," "growth," "plan," "intend," "expect," "should," "would," "if," "seek," "possible," "potential," "likely" and variations of these words and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements contain these words. Forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those included within or contemplated by such statements, including, but not limited to, the description of risks and uncertainties in "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" of the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as filed with the SEC on February 18, 2025, and certain other filings made with the SEC. Gladstone Commercial cautions readers not to place undue reliance on any such forward-looking statements which speak only as of the date made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. For further information: Gladstone Commercial Corporation, (703) 287-5893 For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit SOURCE: Gladstone Commercial Corporation
Yahoo
12-05-2025
- Business
- Yahoo
Gladstone Commercial Announces Industrial Acquisition in Germantown, Wisconsin
MCLEAN, VA / / May 12, 2025 / Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial") is pleased to announce the acquisition of a newly constructed 303,991 square-foot, Class A, fully temperature controlled facility located in Germantown, Wisconsin. This state-of-the-art property was purchased for $62,700,000, providing a weighted average GAAP capitalization rate of 8.74%. The facility includes specialized freezer and cooler storage and was built to support high-capacity pet food production and distribution. The facility is 100% leased to G&H Pets, LLC through September 2044. The tenant is the in-house manufacturing platform for California Pet Partners, producing premium freeze-dried raw pet food for dogs and cats currently sold under several brands. Comments from Gladstone Commercial's Executive Vice President, Ryan Carter: "We are excited to expand our industrial portfolio with a mission-critical, high-quality asset leased to a strong, creditworthy tenant. This property stands out as one of the highest-quality assets in our portfolio and offers an attractive yield." Comments from Gladstone Commercial's President, Buzz Cooper: "We continue to focus on high-quality industrial assets supported by a disciplined underwriting process. This acquisition reflects our commitment to investing in growing markets and securing facilities leased to creditworthy tenants in expanding industries. It aligns with our strategy to build a durable portfolio that supports long-term growth and stable cash flow." About Gladstone Commercial (Nasdaq: GOOD) Gladstone Commercial is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties across the United States. As of March 31, 2025, Gladstone Commercial's real estate portfolio consisted of 141 properties located in 27 states, totaling approximately 17.3 million square feet. For additional information, please visit For Broker Submittals: Midwest/West South Central: Ryan Carter Todd Alan McDonald Executive Vice President Senior Vice President (571) 451-0019 (703) 287-5895 Southeast/Northeast Nick Lindsay Vice President (703) 966-3864 Investor or Media Inquiries: Buzz Cooper Catherine Gerkis President Director of Investor Relations/ESG (703) 287-5815 (703) 287-5846 All statements contained in this press release, other than historical facts, may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements involve inherent risks and uncertainties as they relate to expectations, beliefs, projections, future plans and strategies, anticipated events, or trends concerning matters that are not historical facts and may ultimately prove to be incorrect or false. Forward-looking statements include information about possible or assumed future events, including, without limitation, those relating to the discussion and analysis of Gladstone Commercial's business, financial condition, results of operations, and our strategic plans and objectives. Words such as "may," "might," "believe," "will," "anticipate," "future," "could," "growth," "plan," "intend," "expect," "should," "would," "if," "seek," "possible," "potential," "likely" and variations of these words and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements contain these words. Forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those included within or contemplated by such statements, including, but not limited to, the description of risks and uncertainties in "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" of the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as filed with the SEC on February 18, 2025, and certain other filings made with the SEC. Gladstone Commercial cautions readers not to place undue reliance on any such forward-looking statements which speak only as of the date made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. For further information: Gladstone Commercial Corporation, (703) 287-5893 For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit SOURCE: Gladstone Commercial Corporation View the original press release on ACCESS Newswire
Yahoo
31-03-2025
- Business
- Yahoo
Gladstone Commercial Announces Industrial Acquisition in Dallas/Fort Worth (D/FW) International Airport
MCLEAN, VA / / March 31, 2025 / Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial") is pleased to announce the acquisition of a newly constructed, 140,304 square-foot, Class A USDA food processing facility. This state-of-the-art facility, purchased for $44,000,000, features advanced cold storage capabilities and has been secured at a weighted average GAAP capitalization rate of 8.44%. The facility features extensive ammonia cold storage space, 40-foot clear heights, 15 dock doors, and a cross-dock configuration. The property was acquired through a third-party transaction and is under an 11.3-year absolute NNN lease. The property is 100% leased to Three Sons Holding Inc., DBA American Meat Companies ("AMC"), a third-generation, family-owned business. AMC was founded nearly 50 years ago in 1975 and has established a strong reputation for quality and safety in the meat processing industry. AMC produces high-quality steaks, hamburger patties, pork chops, poultry items, and custom-prepared products tailored to customer needs. This acquisition aligns with Gladstone Commercial's growth strategy of acquiring high-quality, mission critical assets leased to creditworthy tenants in robust industrial markets. The property was marketed by Jonathan Bryan of CBRE National Partners. Comments from Gladstone Commercial's Head of South-Central Region, Todd McDonald: "We are excited to add another functional, Class A building to our portfolio. We are also proud to add a high-quality tenant to our roster with a strong commitment to the building and a long-term net lease." Comments from Gladstone Commercial's President, Buzz Cooper: "We continue to focus on industrial assets, adhering to a disciplined acquisition process. This acquisition, involving a high-quality food processing facility, reflects our commitment to securing mission-critical assets in strong markets. This purchase demonstrates our dedication to partnering with leading tenants in competitive markets, enhancing our long-term growth strategy." About Gladstone Commercial (Nasdaq:GOOD) Gladstone Commercial is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties across the United States. As of December 31, 2024, Gladstone Commercial's real estate portfolio consisted of 135 properties located in 27 states, totaling approximately 16.9 million square feet. For additional information, please visit For Broker Submittals: South Central: Midwest/West Todd Alan McDonald Ryan Carter Senior Vice President Executive Vice President (703) 287-5895 (571) 451-0019 Southeast/Northeast Nick Lindsay Vice President (703) 966-3864 Investor or Media Inquiries: Buzz Cooper Catherine Gerkis President Director of Investor Relations/ESG (703) 287-5815 (703) 287-5846 All statements contained in this press release, other than historical facts, may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements involve inherent risks and uncertainties as they relate to expectations, beliefs, projections, future plans and strategies, anticipated events, or trends concerning matters that are not historical facts and may ultimately prove to be incorrect or false. Forward-looking statements include information about possible or assumed future events, including, without limitation, those relating to the discussion and analysis of Gladstone Commercial's business, financial condition, results of operations, and our strategic plans and objectives. Words such as "may," "might," "believe," "will," "anticipate," "future," "could," "growth," "plan," "intend," "expect," "should," "would," "if," "seek," "possible," "potential," "likely" and variations of these words and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements contain these words. Forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those included within or contemplated by such statements, including, but not limited to, the description of risks and uncertainties in "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" of the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as filed with the SEC on February 18, 2025, and certain other filings made with the SEC. Gladstone Commercial cautions readers not to place undue reliance on any such forward-looking statements which speak only as of the date made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. For further information: Gladstone Commercial Corporation, (703) 287-5893 For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit SOURCE: Gladstone Commercial Corporation View the original press release on ACCESS Newswire Sign in to access your portfolio
