Gladstone Commercial acquires $54.5M industrial portfolio

Gladstone Commercial Corporation (NASDAQ: GOOD) acquired a 693,236-square-foot industrial portfolio for $54.5 million, the company announced. The portfolio consists of manufacturing, distribution, and warehouse facilities across six locations in Michigan, Indiana, and Georgia.

The real estate investment trust simultaneously executed a 20-year absolute net lease agreement with TI Group Automotive Systems, L.L.C. and its affiliate, described as a global tier 1 automotive supplier. Under the sale-leaseback transaction, TI Automotive will lease back the facilities it previously owned.

The acquisition includes properties that serve as manufacturing and distribution hubs for TI Automotive's operations. The transaction is part of Gladstone Commercial's strategy to expand its industrial real estate holdings with credit-worthy tenants.

As of June 30, 2025, Gladstone Commercial's portfolio consisted of 143 properties across 27 states, totaling approximately 17.0 million square feet. The company focuses on acquiring, owning and operating net leased industrial and office properties throughout the United States.

The information is based on a company press release statement.

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