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MCLEAN, VA / ACCESSWIRE / March 28, 2022 / Gladstone Industrial Company (Nasdaq:GOOD) (“Gladstone Industrial”) introduced at present that it executed a 15-year lease with CVG Administration Corp. (“CVG”) for its workplace constructing positioned in New Albany, Ohio. The property is close to Intel’s 3,200 acre, $20+ billion chip manufacturing campus to be developed in New Albany. The lease extends CVG’s occupancy of your complete 50,499 sq. foot workplace constructing by way of March 31, 2037.
CVG (Nasdaq:CVGI) is a worldwide supplier of programs, assemblies and elements to the worldwide business automobile market, the electrical automobile market, and the warehouse automation market. Details about CVG and its merchandise is offered on the web at www.cvgrp.com.
“This lease renewal builds upon the 14 years that CVG has already occupied the property. Listening to our tenants and guaranteeing they’ve a high quality constructing and responsive possession results in Gladstone Industrial’s continued distinctive occupancy charges with diversified tenants, similar to CVG,” stated Karen Priesman, Senior Vice President, who leads asset administration inside the Midwest Area for Gladstone Industrial.
“Gladstone Industrial is happy to increase CVG’s lease of their headquarter constructing. By doing so we improve the corporate’s AFFO and FFO contributed by this workplace property in addition to weighted common lease time period of our workplace portfolio” stated Ryan Carter, Govt Vice President for the Midwest and Western Areas of Gladstone Industrial.
Gladstone wish to thank the JLL crew of Mark Kolar and Jeff Carey for his or her efforts representing CVG and aiding within the completion of this transaction.
About Gladstone Industrial (Nasdaq:GOOD)
Gladstone Industrial Company is an actual property funding belief targeted on buying, proudly owning and working web leased industrial and workplace properties throughout america. As of December 31, 2021, Gladstone Industrial’s actual property portfolio consisted of 129 properties positioned in 27 states, totaling roughly 16.2 million sq. toes. For extra info please go to www.gladstonecommercial.com.
For Dealer Submittals:
South Central:
Buzz Cooper
Co-President/Chief Funding Officer
(703) 287-5815
[email protected]
Southeast/Northeast:
EJ Wislar
Senior Vice President
(703) 462-1027
[email protected]
Midwest/West:
Ryan Carter
Govt Vice President
(571) 451-0019
[email protected]
Investor or Media Inquiries:
Bob Cutlip
Co-President – Gladstone Industrial Company
(703) 287-5878
[email protected]
All statements contained on this press launch, apart from historic information, might represent “forward-looking statements” inside the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade Act of 1934, as amended. Phrases similar to “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates” and variations of those phrases and comparable expressions are supposed to determine forward-looking statements. Readers shouldn’t depend on forward-looking statements as a result of the issues they describe are topic to recognized and unknown dangers and uncertainties that would trigger the Gladstone Industrial’s enterprise, monetary situation, liquidity, outcomes of operations, funds from operations or prospects to vary materially from these expressed in or implied by such statements. Such dangers and uncertainties are disclosed below the caption “Threat Components” of the corporate’s Annual Report on Type 10-Okay for the fiscal yr ended December 31, 2021, as filed with the SEC on February 15, 2022 and sure different filings we make with the SEC. Gladstone Industrial cautions readers to not place undue reliance on any such forward-looking statements which communicate solely as of the date made. The corporate undertakes no obligation to publicly replace or revise any forward-looking statements, whether or not because of new info, future occasions or in any other case.
For additional info: Gladstone Industrial Company, +1-703-287-5893
For Investor Relations inquiries associated to any of the month-to-month dividend paying Gladstone funds, please go to www.gladstonecompanies.com.
SOURCE: Gladstone Industrial Company
View supply model on accesswire.com:
https://www.accesswire.com/694924/Gladstone-Industrial-Company-Executes-15-Yr-Lease-Renewal-at-Workplace-Property-in-New-Albany-Ohio
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