Key Developments: Gladstone Commercial Corp (GOOD.O)
19.41USD
18 Jun 2013
$0.31 (+1.62%)
$19.10
$19.07
$19.42
$19.00
48,734
91,320
$21.33
$16.15
Latest Key Developments (Source: Significant Developments)
Gladstone Commercial Corp Announces Common Stock Offering
Gladstone Commercial Corp announced that it plans to sell 1,100,000 shares of its common stock in an underwritten public offering. The Company also plans to grant the underwriters a 30-day option to purchase up to 165,000 additional shares of common stock to cover over-allotments, if any. Janney Montgomery Scott LLC is serving as the sole book-running manager for the offering. Oppenheimer & Co. Inc. is serving as the joint lead manager. The Company intends to use the net proceeds from this offering to fund pending and future property acquisitions (including the pending acquisition of a 320,597-square foot office building located in Texas), repay debt and for general corporate purposes. Full Article
Gladstone Commercial Corp Announces Property Acquisition In Blaine MN
Gladstone Commercial Corp announced that it purchased a 92,275 square foot building in Blaine, Minnesota for $14.45 million from CSM Corporation. The property is a single story office building leased to PTC Inc., a Needham, MA based company that develops software solutions and delivers related services that help companies design products, manage product information and improve their product development and services processes. Full Article
Gladstone Commercial Corp Announces Property Acquisition In Vance, Alabama
Gladstone Commercial Corp announced that it completed the forward purchase of a 170,000 square foot build-to-suit light industrial manufacturing facility in Vance, Alabama for $13.4 million. The Company acquired the property from Brookwood Parkway, LLC, based in Roebuck, South Carolina. The seller / developer constructed the property as a forward build-to-suit for the tenant that is strategically located near a key customer. The property has a 10-year lease with renewal options. Full Article
Gladstone Commercial Corp Prices Common Stock Offering
Gladstone Commercial Corp announced that it has priced its public offering of 1,100,000 shares of its common stock at a price to the public of $18.90 per share.The Company has also granted the underwriters a 30-day option to purchase up to 165,000 additional shares of common stock. Subject to customary conditions, the offering is expected to close on or about April 29, 2013. The net proceeds to the Company, after deducting the underwriting discount and estimated offering expenses, are expected to be approximately $19.6 million (exclusive of the underwriters' 30-day option to purchase additional shares of common stock). Jefferies LLC is serving as the sole book-running manager for the offering. Janney Montgomery Scott LLC is serving as the joint lead manager. Ladenburg Thalmann & Co. Inc. and Oppenheimer & Co. Inc. are serving as co-managers. The Company intends to use the net proceeds from this offering to acquire additional properties that the Company expects to close over the next 30 days, repay existing indebtedness (including a portion of the outstanding balance of its line of credit) and for general corporate purposes. Full Article
Gladstone Commercial Corp Announces Common Stock Offering
Gladstone Commercial Corp announced that it plans to sell shares of its common stock in an underwritten public offering.The Company also plans to grant the underwriters a 30-day option to purchase additional shares of common stock. Jefferies LLC is serving as the sole book-running manager for the offering. Janney Montgomery Scott LLC is serving as the joint lead manager. Ladenburg Thalmann & Co. Inc. and Oppenheimer & Co. Inc. are serving as co-managers. The Company intends to use the net proceeds from this offering to acquire additional properties that the Company expects to close over the next 30 days, repay existing indebtedness (including a portion of the outstanding balance of its line of credit) and for general corporate purposes. Full Article
Gladstone Commercial Corp Announces Property Acquisition in Egg Harbor Township, NJ
Gladstone Commercial Corp announced that it purchased a 29,257 square foot building in Egg Harbor Township, New Jersey for $5.65 million. The property is a two-story office building that includes administrative and operational office space leased to AtlantiCare Health System, Inc., a not-for-profit health system. Full Article
Gladstone Commercial Corp Announces Property Acquisition in Columbia, SC
Gladstone Commercial Corp announced that it purchased a 146,483 square foot office building located in Columbia, South Carolina for $29.2 million . The building is currently leased to Verizon Wireless. Full Article
Gladstone Commercial Corp Announces Property Acquisition in Fort Worth
Gladstone Commercial Corp announced that it has purchased the National Archives and Records Administration's (NARA) Southwest Region Records Center, a 208,234 square foot building located in Fort Worth, Texas, for $20.0 million. The mission-critical property is comprised of office & research areas, which are open to the public, as well as both paper and electronic records archival storage space. Full Article
Gladstone Commercial Corp Declares Dividend
Gladstone Commercial Corp announced that its board of directors declared the following monthly cash distributions: $0.125 per common share for each of October, November and December 2012, payable on October 31, November 30, December 31, 2012 each and Record date on October 22, November 19, December 19, 2012 each. Full Article
Gladstone Commercial Corp Announces Property Acquisition In Jupiter, FL
Gladstone Commercial Corp announced that it purchased a 60,000 square foot office building located in Jupiter, Florida for $15.5 million. The building is fully leased to G4S Secure Solutions USA, Inc. on a long term basis. Full Article
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