Gladstone Commercial Provides a Business Update
ACCESSWIRE
05 Aug 2021, 06:55 GMT+10
MCLEAN, VA / ACCESSWIRE / August 4, 2021 /Gladstone Commercial Corporation (NASDAQ:GOOD) ( we or Gladstone Commercial ) is a real estate investment trust ( REIT ) focused on acquiring, owning and operating net leased industrial and office properties across the United States. We are providing the following business update regarding our portfolio performance during a time of market volatility related to, among other factors, the global COVID-19 pandemic.
Approximately 99% of July cash base rents have been paid and collected. Portfolio occupancy is in excess of 96%, as of July 31, 2021.
We remain within a small subset of U.S. equity REITs that have maintained their dividend rate and payment of distributions in tandem with this high level of rental collections during the COVID-19 pandemic.
Gladstone Commercial Corporation: Gladstone Commercial Provides a Business Update
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Gladstone Commercial Provides a Business Update
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Gladstone Commercial Corporation Executes 7.75-year Lease Renewal at Office Property in Burnsville, Minnesota
ACCESSWIRE
15 Jul 2021, 06:31 GMT+10
MCLEAN, VA / ACCESSWIRE / July 14, 2021 / Gladstone Commercial Corporation (Nasdaq:GOOD) ( Gladstone Commercial ) announced today that it signed a lease renewal with Power Engineers Incorporated ( Power ) through December 31, 2029 at its 12000 Portland Avenue office property, located in Burnsville, Minnesota, a suburb of Minneapolis. This lease renewal continues Power s existing tenancy that began in 2016.
Power is a 100% employee-owned engineering and environmental consulting company. Power services the Power Delivery, Power Generation, Renewables & Storage, Food & Beverage, Government, Agribusiness, Campus Energy, Oil & Gas and Petrochemical industries.
Power executed a seven-year, nine-month lease extension for their current 12,663 square foot suite, with an option to extend for an additional five years beyond 2029. Gladstone Comme
Gladstone Commercial Corporation Executes 7 75-year Lease Renewal at Office Property in Burnsville, Minnesota
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