Gladstone Commercial Corporation Announces $18.5 Million Office Acquisition in Orlando, Fl
January 02, 2019 at 04:15 pm
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Gladstone Commercial Corporation announced that it completed the acquisition of a 87,080 square foot, Class-A, three-story office building in the Orlando, FL suburb of Lake Mary for $18.5 million on December 27, 2018. The property is 100% leased to CentralSquare Technologies (“CentralSquare”), through December 2029. CentralSquare is a newly formed company through the merger of Superion, TriTech, and the public sector and healthcare business of Aptean arranged by equity sponsors Bain Capital and Vista Equity Partners. The acquisition of the property is consistent with Gladstone Commercial’s growth strategy of acquiring high-quality assets in strong markets with credit-worthy tenants.
Gladstone Commercial Corporation is a real estate investment trust (REIT). The Company is focused on acquiring, owning and operating net leased industrial and office properties across the United States. It conducts its operations through a subsidiary, Gladstone Commercial Limited Partnership (Operating Partnership). It owns about 133 properties totaling 16.84 million square feet of rentable space, located in 27 states. Its properties are geographically diversified, and its tenants cover a broad cross section of business sectors and range in size from small to large private and public companies. Its properties are located in various states of the United States, such as Texas, Florida, Pennsylvania, Ohio, Georgia, North Carolina, Alabama, New Jersey, Michigan and South Carolina. The Company's properties have tenants from various industries, such as telecommunications, diversified/conglomerate services, healthcare, automotive, banking, diversified/conglomerate manufacturing, and others.
GLADSTONE COMMERCIAL CORPORATION 
