Gladstone Commercial Corporation Signs 5-Year Lease Extension at its Hickory, North Carolina Property
November 01 2018 - 4:15PM
Gladstone Commercial Corporation (NASDAQ: GOOD) (“Gladstone
Commercial”) announced today that it has executed a 5-year lease
extension with Fiserv Solutions, LLC (“Fiserv”) at its 60,000
square foot office property located in Hickory, North Carolina. The
lease extension maintains the property’s 100% occupancy with Fiserv
through March 31, 2025.
The single-story build-to suit class A office
building serves as a regional data and call-center for Fiserv
Solutions, an operating subsidiary of Fiserv, Inc. (NASDAQ: FISV)
whose unsecured debt was rated investment grade Baa2 by Moody’s in
September 2018. Fiserv Solutions, LLC provides automotive finance
and real-estate lending software solutions for banks, thrifts,
credit unions, mortgage companies, and captive finance companies in
the United States.
"We acquired this property in 2011,"
stated Buzz Cooper, Senior Managing Director of Gladstone
Commercial, "and the lease extension by Fiserv Solutions confirms
their commitment to this location in Hickory, NC."
"I am pleased with our team's continued
successful leasing efforts in 2018," remarked Bob Cutlip,
President of Gladstone Commercial. "Extending the term with an
investment grade tenant further increases the quality and length of
the weighted average remaining lease term in the Gladstone
portfolio and further stabilizes same store rental income."
About Gladstone Commercial Corporation
(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.
Gladstone Commercial’s real estate portfolio consists of 101
properties located in 24 states, totaling approximately 11.8
million square feet as of October 30, 2018. For additional
information please visit www.gladstonecommercial.com
For Broker Submittals:
South/Central: |
Southeast: |
Buzz Cooper |
Brandon Flickinger |
Senior Managing Director |
Director, Real Estate |
(703) 287-5815 |
(703) 287-5819 |
Buzz.Cooper@gladstonecompanies.com |
Brandon.Flickinger@gladstonecompanies.com |
|
|
West: |
Midwest/Northeast: |
Andrew White |
Matt Tucker |
Managing Director |
Senior Managing Director |
(310) 953-4960 |
(703) 287-5830 |
Andrew.White@gladstonecompanies.com |
Matt.Tucker@gladstonecompanies.com |
|
|
Investor or Media Inquiries:
Bob Cutlip |
|
President – Gladstone Commercial Corporation |
(703) 287-5878 |
|
Bob.Cutlip@gladstonecompanies.com |
|
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, and Section 21E of the Securities Exchange Act of 1934, as
amended. Words such as "anticipates," "expects," "intends,"
"plans," "believes," "seeks," "estimates" and variations of these
words and similar expressions are intended to identify
forward-looking statements. Readers should not rely upon
forward-looking statements because the matters they describe are
subject to known and unknown risks and uncertainties that could
cause the Company's business, financial condition, liquidity,
results of operations, funds from operations or prospects to differ
materially from those expressed in or implied by such statements.
Such risks and uncertainties are disclosed under the caption "Risk
Factors" of the Company's Annual Report on Form 10-K for the fiscal
year ended December 31, 2017, as filed with the SEC
on February 14, 2018 and certain other filings we make with
the SEC. The Company 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.
For Investor Relations inquiries related to any of the monthly
dividend paying Gladstone funds, please visit
www.gladstone.com.
Gladstone Commercial (NASDAQ:GOOD)
Historical Stock Chart
From Mar 2024 to Apr 2024
Gladstone Commercial (NASDAQ:GOOD)
Historical Stock Chart
From Apr 2023 to Apr 2024