Gladstone Commercial Corporation Acquires $3.1 Million Industrial Property in Columbus, OH Metro Area
The property is 100% occupied by Inno-Pak, a supplier of both stock and custom packaging for the grocery and food service industry. Inno-Pak has occupied the property since its construction as a build-to-suit for the firm in 2005. The Property is a highly functional single load configuration featuring concrete tilt-up construction and 32’ clear height. The 7.18 acre site is zoned for addition density, providing the opportunity to expand the facility by approximately 50,000 square feet. Simultaneous with closing, Inno-Pak executed a seven year, absolute-NNN lease. The acquisition of the industrial property is consistent with Gladstone Commercial’s strategy of acquiring high-quality industrial assets in its target growth markets.
“This transaction expands our presence in the target market of
“This transaction advances our strategy of increasing our allocation of high quality industrial buildings and we are excited about continuing to grow our portfolio in
About Gladstone Commercial (NASDAQ: GOOD)
For Broker Submittals:
|Buzz Cooper||Matt Tucker|
|Senior Managing Director||Senior Managing Director|
|(703) 287-5815||(703) 287-5830|
Investor or Media Inquiries:
|President – Gladstone Commercial Corporation|
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Source: Gladstone Commercial Corporation