Jupiter Office Building Trades For $258 PSF

McLean, Virginia-based Gladstone Commercial Corporation (NASDAQ: GOOD) purchased a 60,000 square foot office building located in Jupiter, Florida for $15.5 million.
The building, located at 1395 University Boulevard, is fully leased to G4S Secure Solutions USA, Inc. on a long term basis. G4S Secure Solutions USA, Inc. is one of the largest operating subsidiaries of G4S, the world’s largest provider of security solutions, with operations in 125 countries.
“We are excited to add this well located class A office building that serves as the headquarters for a strong tenant to our portfolio,” said Matthew Tucker, the director of our investment adviser responsible for the transaction.
Gladstone Commercial Corporation is a real estate investment trust (“REIT”) that invests in and owns net leased industrial, commercial and retail real property and selectively makes long-term industrial and commercial mortgage loans.  The company currently owns 78 properties.
 
Source:  PR Newswire