Gladstone sells Michigan property for $11.4M

|About: Gladstone Commercial Cor... (GOOD)|By:, SA News Editor

The sale of the Sterling Heights, MI 540K square foot industrial property will yield a gain on sale of about $1.2M.

"This was a good opportunity for us to sell a non-core asset at a price that was beneficial to shareholders," says Jason Kowalski, Senior Asset Manager. "We will be able to redeploy the capital into new investments that are in-line with our strategy of focusing on high-quality real estate in primary and strong secondary markets."

GOOD no trades AH