Gladstone Commercial Secures 10-Year Lease Extension with JBT Marel

Gladstone Commercial Corporation has announced a 10-year, 1-month lease extension with JBT Marel Corporation at its industrial property in Chalfont, Pennsylvania. The building spans 67,200 square feet and serves as a crucial facility for JBT Marel, who succeeded Marel hf. following its acquisition by John Bean Technologies Corporation.

JBT Marel is renowned for providing technology solutions in the food and beverage sector, along with automated guided vehicle systems. Greg Yayac, Senior Vice President of Gladstone Commercial, highlighted the repeated lease extensions as evidence of the tenant's commitment. Buzz Cooper, President of Gladstone Commercial, emphasized the strategic importance of maintaining JBT Marel as a tenant.