MCLEAN, VA /PRNewswire/ -- Gladstone Commercial Corporation (NASDAQ: GOOD) (the "Company") reported it purchased a recently constructed 32,000 square foot state-of-the-art office and classroom facility located in Columbus, GA for $7.3 million.
The building is fully leased to the University of Phoenix and fully guaranteed by Apollo Group, Inc., its publicly traded parent company.
Apollo Group, Inc. is one of the world's largest private education providers and has been in the education business for more than 35 years. Apollo offers innovative and distinctive educational programs and services both online and on-campus at the undergraduate, master's and doctoral levels.
The Property was selected by University of Phoenix to accommodate additional capacity not available at its previous location in the same market. University of Phoenix student enrollment includes a mix of both on-campus and online classroom environments.
"This acquisition adds another first rate tenant and high value property to our existing portfolio," said Buzz Cooper, the Managing Director responsible for the transaction.
For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com.
Contact:
Gladstone Commercial Corporation,
+1-703-287-5893
Web Site: http://www.gladstonecompanies.com
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