Gladstone (GOOD) Boosts Industrial Property Base With Buyout

To expand its property base in targeted thriving markets, Gladstone Commercial Corporation (GOOD) recently announced the acquisition of an industrial manufacturing, distribution and service facility spanning 142,125 square feet on around 115 acres in Warfordsburg, PA, for $11.7 million at a weighted GAAP capitalization rate of 12.3%.The latest buyout is in sync with GOOD’s growth strategy of the acquisition of functional assets in strong industrial markets, which are leased to tenants with solid credit prof ...