GLADSTONE ACQUIRES OFFICE BUILDING FOR $15.9 MILLION

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SPRINGFIELD, MO. — Gladstone Commercial Corp. has acquired a 78,421-square-foot office building located in Springfield for $15.9 million. The property was constructed as a build-to-suit for T-Mobile in 2006. The tenant currently has 10 years remaining on its lease with three 5-year renewal options. As part of the deal, Gladstone assumed the property's existing $11.6 million mortgage. The seller's name was not released.

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