Gladstone Commercial Announces $8 million Industrial Acquisition in Carrollton, GA
The property, acquired in a sale/leaseback transaction, is 100% leased to Superior Recreation Products and guaranteed by PlayCore with a twelve year lease term. Superior Recreation Products utilizes the property to assemble and distribute its industry leading recreation and shade products. The property was newly constructed in 2019. The acquisition of the industrial property is consistent with Gladstone Commercial’s growth strategy of acquiring high-quality assets in growth regions with credit-worthy tenants.
“The acquisition of the PlayCore facility continues our strategic expansion into our target markets. The facility serves as a mission-critical component of the tenant’s business and is well located near
For Broker Submittals:
|Buzz Cooper||Matt Tucker|
|Senior Managing Director||Senior Managing Director|
|(703) 287-5815||(703) 287-5830|
|Southeast / Mountain West:|
|Investor or Media Inquiries:|
|President – Gladstone Commercial Corporation|
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Source: Gladstone Commercial Corporation