Gladstone Commercial Announces Industrial Acquisition in Germantown, Wisconsin

About this update from Gladstone Commercial Corporation - Real Estate Investment Trust

[{"type":"text","content":"MCLEAN, VA / ACCESS Newswire / May 12, 2025 / Gladstone Commercial Corporation (Nasdaq:GOOD) (\"Gladstone Commercial\") is pleased to announce the acquisition of a newly constructed 303,991 square-foot, Class A, fully temperature controlled facility located in Germantown, Wisconsin. This state-of-the-art property was purchased for $62,700,000, providing a weighted average GAAP capitalization rate of 8.74%. The facility includes specialized freezer and cooler storage and was built to support high-capacity pet food production and distribution.The facility is 100% leased to G&H Pets, LLC through September 2044. The tenant is the in-house manufacturing platform for California Pet Partners, producing premium freeze-dried raw pet food for dogs and cats currently sold under several brands.Comments from Gladstone Commercial's Executive Vice President, Ryan Carter: \"We are excited to expand our industrial portfolio with a mission-critical, high-quality asset leased to a strong, creditworthy tenant. This property stands out as one of the highest-quality assets in our portfolio and offers an attractive yield.\"Comments from Gladstone Commercial's President, Buzz Cooper: \"We continue to focus on high-quality industrial assets supported by a disciplined underwriting process. This acquisition reflects our commitment to investing in growing markets and securing facilities leased to creditworthy tenants in expanding industries. It aligns with our strategy to build a durable portfolio that supports long-term growth and stable cash flow.\"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 March 31, 2025, Gladstone Commercial's real estate portfolio consisted of 141 properties located in 27 states, totaling approximately 17.3 million square feet. For additional information, please visit www.gladstonecommercial.com.For Broker Submittals:Midwest/WestSouth Central: Ryan CarterTodd Alan McDonald Executive Vice PresidentSenior Vice President (571) 451-0019(703) 287-5895 [email protected]@gladstone.com Southeast/Northeast Nick Lindsay Vice President (703) [email protected] Investor or Media Inquiries:Buzz CooperCatherine GerkisPresidentDirector of Inves...

More updates from Gladstone Commercial Corporation - Real Estate Investment Trust