Gladstone Commercial Corporation Executes Seven Year Lease at Akron Office Property

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

[{"type":"text","content":"MCLEAN, VA / ACCESSWIRE / December 1, 2020 / Gladstone Commercial Corporation (NASDAQ:GOOD) (\"Gladstone Commercial\") announced today that it has executed a lease with ViaQuest Inc. (\"ViaQuest\") at Gladstone Commercial's office and laboratory property in Akron, Ohio, located at 260 Springside Drive. Construction of tenant improvements will begin in January 2021 with occupancy expected in April 2021. ViaQuest is a veteran owned and operated business which offers highly-personalized, quality, specialized services to individuals with intellectual and developmental disabilities, mental and behavioral health, and people receiving hospice services. ViaQuest signed a seven-year lease for 21,000 square feet in the 79,000 square foot building.\"We are happy to welcome ViaQuest to our Akron building\" said Buzz Cooper Executive Vice President for Gladstone Commercial. \"This brings the property to 100% occupancy in one of the most difficult leasing markets in many decades. Bringing our Northern Ohio portfolio to 100% leased, increasing the weighted average lease term of our national portfolio and increasing FFO for our shareholders are all hallmarks of this transaction.\"\"It is with great pleasure that we welcome ViaQuest to occupy a second property in our portfolio, as they also lease their headquarters in Columbus, Ohio from Gladstone Commercial,\" said Karen Priesman, Senior Asset Manager for Gladstone Commercial. \"The unique layout of the property allows ViaQuest to consolidate from three other locations and service several different operating units at our property. We thank Cresco's Eric Schreibman for his efforts in bringing ViaQuest to the building and Rico Pietro and Antonio Sibbio, also of Cresco, for representing Gladstone Commercial. In addition, we recognize our operations team of Keith Johnson and Sean Ryle of Colliers for their excellent service providing a top environment for our tenants.\"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 September 30, 2020, Gladstone Commercial's real estate portfolio consisted of 122 properties located in 28 states, totaling approximately 14.9 million square feet. For additional information please visit www.gladstonecomme...

More updates from Gladstone Commercial Corporation - Real Estate Investment Trust