Gladstone Commercial Acquires Englewood Property For $18 Mln.

(RTTNews) - Gladstone Commercial Corp. (GOOD) said Thursday it purchased Parkside Office Plaza, a three-story, 97,797 square foot, single-tenant office building located in Englewood, Colorado for $18.25 million.

The Class A, LEED Gold property is leased to ViaSat Inc. (VSAT) through September 2021. The Property is located in the Inverness Business Park, a master-planned park in the Southeast submarket of Denver, Colorado.

"This acquisition is consistent with our strategic decision to expand our acquisition efforts in both primary and secondary markets in the Western U.S." said Andrew White, Managing Director of the company.

Gladstone Commercial's real estate portfolio now consists of 86 properties located in 22 states, totaling about 9.1 million square feet.