Gladstone Commercial Corporation Extends Lease at Richmond, VA Property

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

[{"type":"text","content":"MCLEAN, Va., July 13, 2020 (GLOBE NEWSWIRE) -- Gladstone Commercial Corporation (Nasdaq: GOOD) (“Gladstone Commercial”) announced today that it has executed a six-year lease extension with Conduent State Healthcare, LLC (“Conduent”) at its 42,213 square foot office building in Richmond, VA, maintaining the building’s 100% occupancy until September 2026.\n “We are focused on renewing tenants and growing same-store cash flow as well as continuing our industrial acquisition strategy,” stated Buzz Cooper, Senior Managing Director of Gladstone Commercial, “This lease extension demonstrates the continued importance of our building to Conduent’s operations.” Conduent moved into the building in 2014, where it performs support operations and services for clients. “We are pleased to be able to continue our relationship with Conduent and to maintain full occupancy at the property,” added Greg Yayac, Asset Manager for Gladstone Commercial. About Gladstone Commercial Corporation (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, 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: South/Central:Southeast/West:Buzz Cooper Brandon FlickingerSenior Managing DirectorManaging Director(703) 287-5815(703) [email protected]@gladstonecompanies.com Midwest/Northeast: Matt Tucker Senior Managing Director (703) 287-5830 [email protected] Investor or Media Inquiries: Bob Cutlip President – Gladstone Commercial Corporation(703) 287-5878 [email protected] 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, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as \"anticipates,\" \"expects,\" \"intends,\" \"plans,\" \"believes,\" \"seeks,\" \"estimates\" and variations of these words and similar expressions are intended to identify forward-looking statements. Readers should not rely ...

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