The Fort Worth Press - Gladstone Commercial Announces Industrial Acquisition in Dallas/Fort Worth (D/FW) International Airport

USD -
AED 3.673042
AFN 72.408785
ALL 87.540161
AMD 389.683553
ANG 1.790158
AOA 918.000367
ARS 1074.091897
AUD 1.590331
AWG 1.8
AZN 1.70397
BAM 1.721579
BBD 2.014876
BDT 121.253466
BGN 1.726423
BHD 0.376568
BIF 2966.682804
BMD 1
BND 1.317724
BOB 6.895823
BRL 5.862604
BSD 0.997931
BTN 85.914352
BWP 13.918401
BYN 3.265789
BYR 19600
BZD 2.004489
CAD 1.38695
CDF 2874.50392
CHF 0.815472
CLF 0.025326
CLP 985.229523
CNY 7.292104
CNH 7.28581
COP 4322.521016
CRC 512.037322
CUC 1
CUP 26.5
CVE 97.059989
CZK 22.117504
DJF 177.527398
DKK 6.575604
DOP 61.634611
DZD 131.64604
EGP 51.286475
ERN 15
ETB 129.670789
EUR 0.880304
FJD 2.279504
FKP 0.766325
GBP 0.764409
GEL 2.760391
GGP 0.766325
GHS 15.492642
GIP 0.766325
GMD 72.131977
GNF 8659.875159
GTQ 7.708747
GYD 209.125212
HKD 7.75354
HNL 25.821965
HRK 6.632504
HTG 131.474117
HUF 361.252155
IDR 16818.004844
ILS 3.69874
IMP 0.766325
INR 86.15626
IQD 1307.324982
IRR 42181.274409
ISK 128.31846
JEP 0.766325
JMD 158.002657
JOD 0.70904
JPY 143.489504
KES 129.638578
KGS 87.08707
KHR 4000.331785
KMF 434.308983
KPW 899.930375
KRW 1419.607148
KWD 0.30654
KYD 0.828261
KZT 518.289865
LAK 21659.284537
LBP 89831.715941
LKR 298.487762
LRD 199.874406
LSL 19.176166
LTL 2.95274
LVL 0.60489
LYD 5.559528
MAD 9.324358
MDL 17.731979
MGA 4531.390872
MKD 54.16639
MMK 2099.592364
MNT 3516.423721
MOP 7.99031
MRU 39.496907
MUR 44.132172
MVR 15.44397
MWK 1730.812727
MXN 20.317404
MYR 4.422532
MZN 63.81496
NAD 19.176166
NGN 1598.648403
NIO 36.765831
NOK 10.660965
NPR 137.914633
NZD 1.716989
OMR 0.384969
PAB 1
PEN 3.729351
PGK 4.123919
PHP 56.951925
PKR 280.467475
PLN 3.788327
PYG 8011.695905
QAR 3.640374
RON 4.394877
RSD 103.45387
RUB 83.597266
RWF 1414.76649
SAR 3.750373
SBD 8.455386
SCR 14.532428
SDG 600.117533
SEK 9.76727
SGD 1.319745
SHP 0.785843
SLE 22.780371
SLL 20969.501083
SOS 567.679756
SRD 36.676906
STD 20697.981008
SVC 8.75037
SYP 13001.705362
SZL 19.176166
THB 33.471772
TJS 10.867955
TMT 3.498021
TND 3.00272
TOP 2.405774
TRY 38.072865
TTD 6.79013
TWD 32.285265
TZS 2677.148909
UAH 41.363502
UGX 3674.610345
UYU 42.95221
UZS 12958.255622
VES 77.113493
VND 25729.101097
VUV 123.792316
WST 2.82166
XAF 579.078644
XAG 0.030971
XAU 0.000309
XCD 2.705466
XDR 0.744469
XOF 579.078644
XPF 105.346026
YER 245.371627
ZAR 19.114504
ZMK 9001.203587
ZMW 28.22628
ZWL 321.999592
  • RBGPF

    62.0100

    62.01

    +100%

  • SCS

    -0.0300

    10.18

    -0.29%

  • NGG

    2.4700

    68.06

    +3.63%

  • BCC

    0.9800

    95.66

    +1.02%

  • BTI

    1.0200

    41.57

    +2.45%

  • AZN

    1.4200

    66.29

    +2.14%

  • RIO

    1.9900

    56.86

    +3.5%

  • GSK

    1.0400

    34.64

    +3%

  • RELX

    0.1000

    49.12

    +0.2%

  • CMSC

    -0.3500

    21.8

    -1.61%

  • BP

    0.3600

    26.59

    +1.35%

  • BCE

    0.3800

    21.36

    +1.78%

  • JRI

    0.1450

    11.91

    +1.22%

  • RYCEF

    -0.0100

    9.12

    -0.11%

  • CMSD

    -0.3000

    21.9

    -1.37%

  • VOD

    0.2800

    8.73

    +3.21%

Gladstone Commercial Announces Industrial Acquisition in Dallas/Fort Worth (D/FW) International Airport
Gladstone Commercial Announces Industrial Acquisition in Dallas/Fort Worth (D/FW) International Airport

Gladstone Commercial Announces Industrial Acquisition in Dallas/Fort Worth (D/FW) International Airport

MCLEAN, VA / ACCESS Newswire / March 31, 2025 / Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial") is pleased to announce the acquisition of a newly constructed, 140,304 square-foot, Class A USDA food processing facility. This state-of-the-art facility, purchased for $44,000,000, features advanced cold storage capabilities and has been secured at a weighted average GAAP capitalization rate of 8.44%. The facility features extensive ammonia cold storage space, 40-foot clear heights, 15 dock doors, and a cross-dock configuration. The property was acquired through a third-party transaction and is under an 11.3-year absolute NNN lease.

Text size:

The property is 100% leased to Three Sons Holding Inc., DBA American Meat Companies ("AMC"), a third-generation, family-owned business. AMC was founded nearly 50 years ago in 1975 and has established a strong reputation for quality and safety in the meat processing industry. AMC produces high-quality steaks, hamburger patties, pork chops, poultry items, and custom-prepared products tailored to customer needs.

This acquisition aligns with Gladstone Commercial's growth strategy of acquiring high-quality, mission critical assets leased to creditworthy tenants in robust industrial markets. The property was marketed by Jonathan Bryan of CBRE National Partners.

Comments from Gladstone Commercial's Head of South-Central Region, Todd McDonald: "We are excited to add another functional, Class A building to our portfolio. We are also proud to add a high-quality tenant to our roster with a strong commitment to the building and a long-term net lease."

Comments from Gladstone Commercial's President, Buzz Cooper: "We continue to focus on industrial assets, adhering to a disciplined acquisition process. This acquisition, involving a high-quality food processing facility, reflects our commitment to securing mission-critical assets in strong markets. This purchase demonstrates our dedication to partnering with leading tenants in competitive markets, enhancing our long-term growth strategy."

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 December 31, 2024, Gladstone Commercial's real estate portfolio consisted of 135 properties located in 27 states, totaling approximately 16.9 million square feet. For additional information, please visit www.gladstonecommercial.com.

For Broker Submittals:

South Central:

Midwest/West

Todd Alan McDonald

Ryan Carter

Senior Vice President

Executive Vice President

(703) 287-5895

(571) 451-0019

Todd.McDonald@gladstone.com

Ryan.Carter@gladstone.com

Southeast/Northeast

Nick Lindsay

Vice President

(703) 966-3864

Nick.Lindsay@gladstone.com

Investor or Media Inquiries:

Buzz Cooper

Catherine Gerkis

President

Director of Investor Relations/ESG

(703) 287-5815

(703) 287-5846

Buzz.Cooper@gladstone.com

Catherine.Gerkis@gladstone.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 (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements involve inherent risks and uncertainties as they relate to expectations, beliefs, projections, future plans and strategies, anticipated events, or trends concerning matters that are not historical facts and may ultimately prove to be incorrect or false. Forward-looking statements include information about possible or assumed future events, including, without limitation, those relating to the discussion and analysis of Gladstone Commercial's business, financial condition, results of operations, and our strategic plans and objectives. Words such as "may," "might," "believe," "will," "anticipate," "future," "could," "growth," "plan," "intend," "expect," "should," "would," "if," "seek," "possible," "potential," "likely" and variations of these words and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements contain these words. Forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those included within or contemplated by such statements, including, but not limited to, the description of risks and uncertainties in "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" of the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as filed with the SEC on February 18, 2025, and certain other filings made 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, except as required by law.

For further information: Gladstone Commercial Corporation, (703) 287-5893

For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstonecompanies.com.

SOURCE: Gladstone Commercial Corporation



View the original press release on ACCESS Newswire

C.Rojas--TFWP