Gladstone Commercial Corporation Completes Lease Extension at Office Property in Missouri
January 21 2020 - 4:30PM
Gladstone Commercial Corporation (Nasdaq: GOOD) (“Gladstone
Commercial”) announced today that it completed the extension of its
existing lease with T-Mobile USA,
Inc. (“T-Mobile”) at its 2645 N. Airport Plaza
Avenue office property in Springfield, MO. T-Mobile will
occupy the entire building for an additional five years
through May 31, 2026.
Gladstone Commercial purchased the property in
June 2011. In 2018, Gladstone Commercial expanded the property’s
parking lot to help facilitate additional growth for T-Mobile.
T-Mobile is an S&P 500 company and a leading
communication services provider. “Our excellent ongoing
relationship with the T-Mobile team in Springfield led to
their decision to extend their lease for another five years,”
stated Buzz Cooper, Senior Managing Director and head of the
South Central Region for Gladstone Commercial.
“It has been a pleasure to work with T-Mobile’s
personnel and cement their future in a building that works well for
them,” added Perry Finney, Senior Asset Manager for Gladstone
Commercial. “This extension contributes to a greater weighted
average lease term on our portfolio.”
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 September 30, 2019, Gladstone Commercial’s real estate
portfolio consisted of 109 properties located in 24 states,
totaling approximately 13.1 million square feet. For additional
information please visit www.gladstonecommercial.com
For Broker Submittals:
South Central: |
Midwest/Northeast: |
Buzz Cooper |
Matt Tucker |
Senior Managing Director |
Senior Managing Director |
(703) 287-5815 |
(703) 287-5830 |
Buzz.Cooper@gladstonecompanies.com |
Matt.Tucker@gladstonecompanies.com |
|
|
Southeast / Mountain
West: |
|
Brandon
Flickinger |
|
Managing Director |
|
(703) 287-5819 |
|
Brandon.Flickinger@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 Gladstone Commercial’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, 2018, as filed
with the SEC on February 13, 2019 and certain other filings we make
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.
For Investor Relations inquiries related to any of the monthly
dividend paying Gladstone funds, please visit
www.gladstonecompanies.com.
SOURCE: Gladstone Commercial Corporation
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