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Gladstone Commercial Inks New Lease, Occupancy Improves

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Gladstone Commercial Corporation GOOD announced the signing of a new lease that helped it achieve portfolio occupancy of 100% at Bolingbrook, IL. The move reflects solid demand for space at the company’s properties.

The new lease deal totaled 20,719 square feet of space and will expire in early 2024.The company is continuing with its efforts to lease properties in 2016. It is expected that the new fully leased property will aid in raising the net operating income.

Notably, Gladstone Commercial is a McLean, VA-based real estate investment trust (REIT) engaged in acquisition, ownership and operation of net-leased industrial and office properties across the U.S. The company has portfolio of 97 properties in 24 states, aggregating a total of around 11 million square feet of space.

Gladstone Commercial currently has a Zacks Rank #2 (Buy). Some other top-ranked stocks include CorEnergy Infrastructure Trust, Inc. (CORR - Free Report) , Crown Castle International Corp. (CCI - Free Report) and Seritage Growth Properties (SRG - Free Report) . All these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Current quarter estimates for both Crown Castle International and Seritage Growth Properties moved up over the past one month.

CorEnergy Infrastructure Trust’s current quarter estimates remained stable over the last month.

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