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Gladstone Commercial Renews and Sells Its Way Out of Its Lease Expirations

By Tony Seruga

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McLEAN, VA—Gladstone Commercial Corp. recently announced it has executed two industrial lease renewals with tenants whose leases were set to expire next year. These two transactions followed a series of lease renewals and planned property sales over the past several months aimed at renewing 12 leases which had been set to expire in 2015 and three (now down to one) in 2016. It still has a few pending lease renewals and in one case, a vacant building to resolve. But for the most part, Gladstone Commercial Corp. is set until 2019 when another set of leases come up for renewal, according to the company’s recent earnings report for the third quarter…

Gladstone Commercial Renews and Sells Its Way Out of Its Lease Expirations

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