Gladstone Commercial Executes 10-Year Lease Extension at Industrial Property in Chalfont, PA
Gladstone Commercial Corporation (Nasdaq:GOOD) has secured a 10-year, 1-month lease extension with JBT Marel Corporation for its 67,200 square foot industrial building in Chalfont, Pennsylvania. JBT Marel, formed following the acquisition of Marel hf. by John Bean Technologies Corporation, is a leading global food and beverage technology solutions provider.
The extension marks the third renewal with JBT Marel since Gladstone's original purchase, highlighting the tenant's long-term commitment to the facility. The property serves as a mission-critical facility for JBT Marel, which specializes in automated guided vehicle systems for manufacturing, warehousing, and medical facilities.
Gladstone Commercial Corporation (Nasdaq:GOOD) ha ottenuto un prolungamento di locazione di 10 anni e 1 mese con JBT Marel Corporation per il suo capannone industriale di 6.240 metri quadrati (67.200 piedi quadrati) a Chalfont, Pennsylvania. JBT Marel, nata dopo l’acquisizione di Marel hf. da parte di John Bean Technologies Corporation, è un importante fornitore globale di soluzioni tecnologiche per il settore alimentare e delle bevande.
Il rinnovo rappresenta il terzo prolungamento con JBT Marel dall’acquisto originario da parte di Gladstone, evidenziando l’impegno a lungo termine dell’inquilino verso la struttura. L’immobile è una sede mission-critical per JBT Marel, che si occupa di sistemi di veicoli a guida automatica per produzione, magazzini e strutture mediche.
Gladstone Commercial Corporation (Nasdaq:GOOD) ha asegurado una prórroga de arrendamiento de 10 años y 1 mes con JBT Marel Corporation para su edificio industrial de 67.200 pies cuadrados en Chalfont, Pensilvania. JBT Marel, formada tras la adquisición de Marel hf. por John Bean Technologies Corporation, es un proveedor global líder de soluciones tecnológicas para la industria alimentaria y de bebidas.
La extensión supone la tercera renovación con JBT Marel desde la compra original de Gladstone, destacando el compromiso a largo plazo del inquilino con la instalación. La propiedad funciona como una instalación crítica para JBT Marel, que se especializa en sistemas de vehículos guiados automatizados para fabricación, almacenamiento e instalaciones médicas.
Gladstone Commercial Corporation (Nasdaq:GOOD)는 펜실베이니아 찰폰트에 있는 67,200 평방피트 규모의 산업용 건물에 대해 JBT Marel Corporation과 10년 1개월 임대 연장을 체결했습니다. JBT Marel은 John Bean Technologies Corporation이 Marel hf.를 인수한 이후 설립된 글로벌 식음료 기술 솔루션 선도 기업입니다.
이번 연장은 Gladstone가 처음 매입한 이후 JBT Marel과의 세 번째 갱신으로, 해당 시설에 대한 장기적 의지를 보여줍니다. 이 부동산은 제조, 물류 창고 및 의료 시설용 자동 유도 차량 시스템을 전문으로 하는 JBT Marel의 핵심(미션 크리티컬) 시설로 사용됩니다.
Gladstone Commercial Corporation (Nasdaq:GOOD) a obtenu une prolongation de bail de 10 ans et 1 mois avec JBT Marel Corporation pour son bâtiment industriel de 67 200 pieds carrés à Chalfont, Pennsylvanie. JBT Marel, créée suite à l’acquisition de Marel hf. par John Bean Technologies Corporation, est un acteur mondial majeur des solutions technologiques pour l’agroalimentaire et les boissons.
Cette prolongation constitue la troisième reconduction avec JBT Marel depuis l’achat initial par Gladstone, soulignant l’engagement à long terme du locataire envers l’installation. La propriété sert d’installation critique pour JBT Marel, spécialisée dans les systèmes de véhicules à guidage automatique pour la fabrication, l’entreposage et les établissements médicaux.
Gladstone Commercial Corporation (Nasdaq:GOOD) hat mit der JBT Marel Corporation eine 10 Jahre und 1 Monat umfassende Mietvertragsverlängerung für ihr 67.200 Quadratfuß großes Industriegebäude in Chalfont, Pennsylvania, abgeschlossen. JBT Marel, entstanden nach der Übernahme von Marel hf. durch John Bean Technologies Corporation, ist ein weltweit führender Anbieter von Technologielösungen für die Lebensmittel- und Getränkeindustrie.
Die Verlängerung ist die dritte Vertragsverlängerung mit JBT Marel seit Gladstones ursprünglichem Erwerb und unterstreicht das langfristige Bekenntnis des Mieters zum Standort. Die Immobilie dient als mission-kritische Anlage für JBT Marel, das sich auf automatisierte fahrerlose Transportsysteme für Produktion, Lagerhaltung und medizinische Einrichtungen spezialisiert hat.
- Secured long-term 10-year lease extension for 67,200 sq ft industrial property
- Third consecutive renewal with same tenant demonstrates strong tenant relationship
- Property houses mission-critical operations for established food tech company
- None.
MCLEAN, VA / ACCESS Newswire / September 10, 2025 / Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial") announced that it has executed a 10-year, 1-month lease extension with JBT Marel Corporation ("JBT Marel") at its 67,200 square foot industrial building in Chalfont, Pennsylvania. JBT Marel is the successor entity following the recently closed acquisition of Marel hf. by John Bean Technologies Corporation ("JBT").
JBT Marel designs, produces, and services products and systems for its customers as a leading global food and beverage technology solutions provider. It also provides automated guided vehicle systems with a wide variety of applications including manufacturing, warehousing and medical facilities.
"We are pleased to have executed another lease extension with JBT Marel as our full building tenant," stated Greg Yayac, Senior Vice President of Gladstone Commercial. "This is the third extension we've done with them since our original purchase, demonstrating their commitment to the space."
"This is a mission critical facility for a quality tenant, and we are pleased to continue to have JBT Marel as a tenant in our portfolio," added Buzz Cooper, President of Gladstone Commercial.
About Gladstone Commercial Corporation (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 June 30, 2025, Gladstone Commercial's real estate portfolio consisted of 143 properties located in 27 states, totaling approximately 17.0 million square feet. For additional information please visit www.gladstonecommercial.com.
For Broker Submittals: For Asset Management Matters:
Nick Lindsay | Greg Yayac |
Vice President | Senior Vice President / Director |
(703) 966-3864 | (703) 287-5912 |
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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