Gladstone Commercial Acquires Advanced Food Facility in D/FW Airport Area

Gladstone Commercial Corporation, trading as Nasdaq:GOOD, has announced the acquisition of a newly built 140,304 square-foot USDA food processing facility near Dallas/Fort Worth International Airport. The property, featuring advanced cold storage and high ceilings, was secured for $44 million with a GAAP capitalization rate of 8.44% and is under a long-term lease to American Meat Companies (AMC).

AMC, a family-owned business renowned for its meat processing expertise, will utilize the facility's state-of-the-art features. This acquisition aligns with Gladstone's strategy to invest in high-quality industrial assets occupied by reputable tenants. Todd McDonald and Buzz Cooper, executives at Gladstone, emphasized the deal's strategic value and its role in supporting the firm's growth in key industrial markets.