Gladstone Commercial Corporation Executes Second Lease at Minneapolis Office Property

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[{"type":"text","content":"MCLEAN, Va., Sept. 14, 2020 (GLOBE NEWSWIRE) -- Gladstone Commercial Corporation (Nasdaq: GOOD) (“Gladstone Commercial”) announced today that it has signed a lease with Pipeline Foods LLC (“Pipeline”) at 6499 University Avenue, Gladstone’s office property in Fridley, Minnesota, a suburb of Minneapolis. Construction of building improvements will begin immediately with occupancy expected in early November 2020. Pipeline creates sustainable supply chain solutions to connect farmers and end users of organic grains and ingredients. Pipeline signed a five-year lease for 8,032 square feet in the 72,428 square foot office building.\n “We are happy to welcome Pipeline to our Fridley building” said Matt Tucker, Senior Managing Director and Northeast/Midwest Regional Head for Gladstone Commercial. “Adding a tenant with an active commodity trading floor is very exciting and a demonstration of the vibrancy created with the recent property repositioning. We have quickly signed two significant leases in the building, a testament to our asset management capabilities, a well executed repositioning of the building, aggressive marketing strategies and the terrific leasing and property management partners we have in place.” “It is with great pleasure that we welcome a sustainability focused tenant to our roster” said Karen Priesman, Senior Asset Manager for Gladstone Commercial. “The market appreciates the quality, location and design of the building as well as the service of the property team evidenced by the strong leasing activity. We thank CBRE’s Tyler Kollodge for his efforts in bringing Pipeline to the building and Julie Kimble and Kate Damato of KimbleCo for representing Gladstone Commercial.” 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 June 30, 2020, Gladstone Commercial’s real estate portfolio consisted of 122 properties located in 28 states, totaling approximately 15.1 million square feet. For additional information please visit www.gladstonecommercial.com. For Broker Submittals: Southcentral:Northeast/Midwest:Buzz CooperMatt TuckerSenior Managing DirectorSenior Managing Director(703) 287-5815(703) [email protected]@gladstonecompanie...

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