Gladstone Commercial Announces Acquisition in Newport News, Virginia

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[{"type":"text","content":"MCLEAN, VA / ACCESS Newswire / May 21, 2026 / Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial") is pleased to announce the acquisition of a mission-critical 153,890 square foot industrial property in Newport News, Virginia for $22.75 million. The acquired facility is 100% leased to a subsidiary of Huntington Ingalls Industries ("HII"), America's largest shipbuilder, on a long-term net lease. The transaction was made possible through internally generated cash flow without additional equity issuances. Following the transaction, Gladstone Commercial has ample availability via cash on hand and its line of credit to continue pursuing high quality industrial assets.","length":714,"tagName":"p"},{"type":"text","content":""We are excited to expand our industrial portfolio with a quality asset on a long-term lease to a strong, creditworthy tenant and mission-critical to American shipbuilding and the U.S. Navy, " said Nick Lindsay, Vice President of Gladstone Commercial.","length":261,"tagName":"p"},{"type":"text","content":""The property's characteristics and location make it well suited for HII's Newport News Shipbuilding division, and general manufacturing operations," added Greg Yayac, Senior Vice President of Gladstone Commercial. "The asset and tenant are great additions to our industrial portfolio."","length":314,"tagName":"p"},{"type":"text","content":"Buzz Cooper, Chief Executive Officer and President, said, "We continue to focus on well-located industrial assets supported by a disciplined underwriting process. This transaction reflects our commitment to strategically expanding our portfolio and allows us to grow through internally generated capital without external equity issuances. The transaction not only increases the quality of our portfolio but increases industrial cash and straight-line rents as well."","length":476,"tagName":"p"},{"type":"text","content":"About Gladstone Commercial (Nasdaq:GOOD)","length":40,"tagName":"p"},{"type":"text","content":"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 March 31, 2026, Gladstone Commercial's real estate portfolio consisted of 151 properties located in 27 state...

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