Gladstone Commercial Corporation Announces Property Acquisition in Jupiter, FL
MCLEAN, Va., Sept. 27, 2012 /PRNewswire/ -- Gladstone Commercial Corporation (NASDAQ: GOOD) (the "Company") reported today that it purchased a 60,000 square foot office building located in Jupiter, Florida for $15.5 million. The building is fully leased to G4S Secure Solutions USA, Inc. on a long term basis.
G4S Secure Solutions USA, Inc. is one of the largest operating subsidiaries of G4S, the world's largest provider of security solutions, with operations in 125 countries. G4S specializes in business processes and facilities in sectors where security and safety risks are considered a strategic threat, with expertise in the assessment and management of security and safety risks for buildings, infrastructure, materials, valuables and people.
"We are excited to add this well located class A office building that serves as the headquarters for a strong tenant to our portfolio," said Matthew Tucker, the director of our investment adviser responsible for the transaction.
Gladstone Commercial Corporation is a real estate investment trust ("REIT") that invests in and owns net leased industrial, commercial and retail real property and selectively makes long-term industrial and commercial mortgage loans. The Company currently owns 78 properties. Including payments through August 2012, the Company has paid 92 consecutive monthly cash distributions on its common stock. Prior to paying distributions on a monthly basis, the Company paid five consecutive quarterly cash distributions. The Company has paid 80 consecutive monthly cash distributions on its Series A preferred stock, 71 consecutive monthly cash distributions on its Series B preferred stock, and 28 consecutive monthly cash distributions on its Senior Common Stock and 7 consecutive monthly cash distributions on its Series C preferred stock. The Company has never skipped, reduced or deferred a monthly distribution since inception, over eight years ago. Additional information can be found at www.gladstonecompanies.com.
For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com.
SOURCE Gladstone Commercial Corporation