MCLEAN, Va., Dec. 12, 2013 /PRNewswire/ -- Gladstone Commercial Corporation (NASDAQ: GOOD) (the "Company") reported today that it purchased Parkside Office Plaza, a three-story, 97,797 square foot, single-tenant office building located in Englewood, Colorado for $18.25 million. The Class A, LEED Gold property is leased to ViaSat, Inc. (NASDAQ: VSAT) through September 2021, and is the home of ViaSat's Exede Internet and other consumer broadband services. ViaSat is an innovator in satellite and other wireless networking systems and services. The Property is located in the Inverness Business Park, a master-planned park in the Southeast submarket of Denver, Colorado.
"This acquisition is consistent with our strategic decision to expand our acquisition efforts in both primary and secondary markets in the Western U.S." said Andrew White, Managing Director of the Company. "The Class A construction, strong tenancy and premiere location in Denver's Southeast submarket will provide stable and attractive returns for our investors."
Gladstone Commercial's real estate portfolio now consists of 86 properties located in 22 states, totaling approximately 9.1 million square feet.
For more information regarding Gladstone Commercial's activity in the Western U.S., please contact Andrew White at Andrew.White@GladstoneCompanies.com
Gladstone Commercial Corporation is a real estate investment trust (REIT) that invests in and owns net leased industrial, commercial and retail real property. Additional information can be found at www.gladstonecompanies.com. For further information: Gladstone Commercial Corporation +1-703-287-5893
For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com.
Forward Looking Statement:
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, 2012, as filed with the SEC on February 19, 2013 and the Company's Quarterly Report on Form 10-Q for quarter ended September 30, 2013, as filed with the SEC on November 4, 2013. 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.
SOURCE Gladstone Commercial Corporation