Gladstone Commercial Acquires Virginia Industrial Property Leased to Huntington Ingalls Unit

MT Newswires Live

05/21

Gladstone Commercial (GOOD) has acquired a 153,890-square-foot industrial facility in Newport News, Virginia, for $22.8 million, fully leased on a long-term basis to a Huntington Ingalls Industries (HII) unit, Gladstone said Thursday.

Gladstone said the acquisition was funded through internally generated cash flow without issuing additional equity.

Price: 12.62, Change: -0.17, Percent Change: -1.33

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