Gladstone Commercial Announces Industrial Acquisition in Warfordsburg, PA

Gladstone Commercial Corporation recently acquired an industrial manufacturing, distribution, and service facility in Warfordsburg, Pennsylvania. This purchase, including 142,125 square feet of space on nearly 115 acres, was finalized at a total of $11.7 million. The facility operates under a 25-year absolute triple-net lease and is entirely leased to a provider servicing infrastructure end markets. Nick Lindsay, Vice President of Gladstone Commercial, emphasized the strategic importance of this acquisition within their portfolio, underscoring its role as a mission-critical site for the tenant.

Buzz Cooper, President of Gladstone Commercial, highlighted the alignment of this acquisition with the company’s goal to enhance industrial focus and improve their lease term averages through strategic purchases of key industrial facilities. He commented on the transaction's benefit to their industrial sale-leaseback platform. This investment marks another step in Gladstone Commercial's expansion in strong industrial markets, aiming to partner with credit-worthy tenants.