GLADSTONE PURCHASES $4.7M OFFICE BUILDING IN OHIO

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BOSTON HEIGHTS, OHIO —Gladstone Commercial Corp. has purchased a 25,000-square-foot office building in Boston Heights, Ohio for approximately $4.7 million. The property was a new build-to-suit for Paychex North America, a subsidiary of Paychex Inc. The tenant leased the property for 10 years and has three options to renew the lease for additional periods of three years each. Buzz Cooper of Gladstone Commerical Group represented Gladstone in the transaction.

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