Gladstone Commercial (GOOD) said Monday it has acquired a 303,991-square-foot, class A, temperature-controlled site in Germantown, Wisconsin, for $62.7 million.
The facility has specialized freezer and cooler storage and was constructed for pet food production and distribution, the real estate investment trust said.
The facility is fully leased to G&H Pets through September 2044, the company added.
Gladstone's stock was up more than 1% higher in recent Monday trading.
Price: 14.34, Change: +0.26, Percent Change: +1.85
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