Gladstone Commercial Announces Industrial Acquisition in Germantown, Wisconsin
Gladstone Commercial Corporation (Nasdaq:GOOD) has acquired a newly constructed 303,991 square-foot, Class A industrial facility in Germantown, Wisconsin for $62.7 million. The state-of-the-art property features specialized freezer and cooler storage capabilities and is fully temperature controlled. The facility is 100% leased to G&H Pets, LLC through September 2044, with a weighted average GAAP capitalization rate of 8.74%. G&H Pets is the manufacturing platform for California Pet Partners, producing premium freeze-dried raw pet food for dogs and cats.
Gladstone Commercial Corporation (Nasdaq:GOOD) ha acquisito una struttura industriale di Classe A di nuova costruzione di 303.991 piedi quadrati a Germantown, Wisconsin, per 62,7 milioni di dollari. La proprietà all'avanguardia dispone di capacità specializzate di stoccaggio in congelatore e frigorifero ed è completamente controllata in temperatura. L'impianto è affittato al 100% a G&H Pets, LLC fino a settembre 2044, con un tasso di capitalizzazione GAAP medio ponderato dell'8,74%. G&H Pets è la piattaforma produttiva per California Pet Partners, che produce alimenti crudi liofilizzati di alta qualità per cani e gatti.
Gladstone Commercial Corporation (Nasdaq:GOOD) ha adquirido una instalación industrial de Clase A de nueva construcción de 303,991 pies cuadrados en Germantown, Wisconsin, por 62.7 millones de dólares. La propiedad de última generación cuenta con capacidades especializadas de almacenamiento en congelador y refrigerador, y está completamente controlada en temperatura. La instalación está 100% arrendada a G&H Pets, LLC hasta septiembre de 2044, con una tasa de capitalización GAAP promedio ponderada del 8.74%. G&H Pets es la plataforma de fabricación para California Pet Partners, produciendo alimentos crudos liofilizados premium para perros y gatos.
Gladstone Commercial Corporation (나스닥:GOOD)는 위스콘신 주 저먼타운에 새로 건설된 303,991평방피트 규모의 클래스 A 산업 시설을 6,270만 달러에 인수했습니다. 이 최첨단 시설은 전문적인 냉동 및 냉장 저장 기능을 갖추고 있으며 온도 조절이 완벽하게 이루어지고 있습니다. 이 시설은 2044년 9월까지 G&H Pets, LLC에 100% 임대되어 있으며, 가중 평균 GAAP 자본화율은 8.74%입니다. G&H Pets는 캘리포니아 펫 파트너스의 제조 플랫폼으로, 개와 고양이를 위한 프리미엄 동결 건조 생식 사료를 생산합니다.
Gladstone Commercial Corporation (Nasdaq:GOOD) a acquis une installation industrielle de classe A récemment construite de 303 991 pieds carrés à Germantown, Wisconsin, pour 62,7 millions de dollars. Cette propriété ultramoderne dispose de capacités spécialisées de stockage en congélateur et en chambre froide, avec un contrôle total de la température. L'installation est louée à 100 % à G&H Pets, LLC jusqu'en septembre 2044, avec un taux de capitalisation GAAP moyen pondéré de 8,74 %. G&H Pets est la plateforme de fabrication pour California Pet Partners, produisant des aliments crus lyophilisés haut de gamme pour chiens et chats.
Gladstone Commercial Corporation (Nasdaq:GOOD) hat eine neu errichtete, 303.991 Quadratfuß große Industrieanlage der Klasse A in Germantown, Wisconsin, für 62,7 Millionen US-Dollar erworben. Die hochmoderne Immobilie verfügt über spezialisierte Gefrier- und Kühllagerkapazitäten und ist vollständig temperaturkontrolliert. Die Anlage ist zu 100 % an G&H Pets, LLC bis September 2044 vermietet, mit einer gewichteten durchschnittlichen GAAP-Kapitalisierungsrate von 8,74 %. G&H Pets ist die Produktionsplattform für California Pet Partners und stellt hochwertiges, gefriergetrocknetes Rohfutter für Hunde und Katzen her.
- Long-term lease secured until 2044 (20-year commitment)
- Attractive 8.74% GAAP capitalization rate
- 100% occupancy with a single tenant
- Strategic acquisition of a Class A industrial facility with specialized temperature-controlled features
- Property serves as mission-critical manufacturing facility for tenant
- Significant single-tenant concentration risk
- Large capital investment of $62.7 million in a single property
MCLEAN, VA / ACCESS Newswire / May 12, 2025 / Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial") is pleased to announce the acquisition of a newly constructed 303,991 square-foot, Class A, fully temperature controlled facility located in Germantown, Wisconsin. This state-of-the-art property was purchased for
The facility is
Comments from Gladstone Commercial's Executive Vice President, Ryan Carter: "We are excited to expand our industrial portfolio with a mission-critical, high-quality asset leased to a strong, creditworthy tenant. This property stands out as one of the highest-quality assets in our portfolio and offers an attractive yield."
Comments from Gladstone Commercial's President, Buzz Cooper: "We continue to focus on high-quality industrial assets supported by a disciplined underwriting process. This acquisition reflects our commitment to investing in growing markets and securing facilities leased to creditworthy tenants in expanding industries. It aligns with our strategy to build a durable portfolio that supports long-term growth and stable cash flow."
About Gladstone Commercial (Nasdaq: GOOD)
Gladstone Commercial is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties across the United States. As of March 31, 2025, Gladstone Commercial's real estate portfolio consisted of 141 properties located in 27 states, totaling approximately 17.3 million square feet. For additional information, please visit www.gladstonecommercial.com.
For Broker Submittals:
Midwest/West | South Central: | |
Ryan Carter | Todd Alan McDonald | |
Executive Vice President | Senior Vice President | |
(571) 451-0019 | (703) 287-5895 | |
Southeast/Northeast | ||
Nick Lindsay | ||
Vice President | ||
(703) 966-3864 | ||
Investor or Media Inquiries:
Buzz Cooper | Catherine Gerkis |
President | Director of Investor Relations/ESG |
(703) 287-5815 | (703) 287-5846 |
All statements contained in this press release, other than historical facts, may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements involve inherent risks and uncertainties as they relate to expectations, beliefs, projections, future plans and strategies, anticipated events, or trends concerning matters that are not historical facts and may ultimately prove to be incorrect or false. Forward-looking statements include information about possible or assumed future events, including, without limitation, those relating to the discussion and analysis of Gladstone Commercial's business, financial condition, results of operations, and our strategic plans and objectives. Words such as "may," "might," "believe," "will," "anticipate," "future," "could," "growth," "plan," "intend," "expect," "should," "would," "if," "seek," "possible," "potential," "likely" and variations of these words and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements contain these words. Forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those included within or contemplated by such statements, including, but not limited to, the description of risks and uncertainties in "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" of the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as filed with the SEC on February 18, 2025, and certain other filings made with the SEC. Gladstone Commercial cautions readers not to place undue reliance on any such forward-looking statements which speak only as of the date made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
For further information: Gladstone Commercial Corporation, (703) 287-5893
For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstonecompanies.com.
SOURCE: Gladstone Commercial Corporation
View the original press release on ACCESS Newswire
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