 |
| Robin Stolberg |
The HFF team marketed the property
for the seller, Agracel. Gladstone Commercial Corporation purchased
the asset.
The building serves as the company
headquarters and primary manufacturing facility for Acoust-A-Fiber, which
manufactures acoustic, thermal management lightweight solutions for the
automotive industry.
Situated on 14.7 acres at
759 Pittsburgh Drive, the building is 28 miles from downtown Columbus and 13 miles
from Interstate 270, which provides easy access to Interstates 70 and 71 and
the entire Midwest.
 |
| Kurt Sarbaugh |
Agracel, Inc is an industrial
development company headquartered in Effingham, Illinois with offices in
Jackson, Mississippi; Nashville, Tennessee; Columbus, Ohio; and Greenville,
South Carolina.
Over the past 32 years, the
company has focused exclusively on partnering with non-urban communities to
facilitate job creation and to be a value-added development partner.
Agracel provides an array of
development services such as site selection, build-to-suit turnkey,
build-to-suit leasebacks and acquisition leasebacks.
 |
| Nick Foster |
Gladstone invests in properties located in primary and secondary
growth markets that possess favorable economic growth trends, diversified
industries, growing populations, and strong employment that are leased to
credit tenants.
Gladstone also may invest
alongside developers in build-to-suit transactions as well as expansion
projects on owned assets. Gladstone has a track record of success, as
exhibited by a history of strong distribution yields, consistent occupancy
greater than 96 percent and 10+ years of paying continuous monthly cash
distributions.
CONTACTS:
ROBIN STOLBERG
HFF Senior Director
(312) 528-3650
KURT SARBAUGH
HFF Senior Director
(312) 528-3650
KIMBERLY STEELE
HFF Digital Content/Public
Relations Specialist
(713) 852-3420
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