Gladstone Commercial Corporation Announces Common Stock Offering of 1M Shares

Gladstone Commercial Corporation GOOD today announced that it plans to sell 1,000,000 shares of its common stock in an underwritten public offering. The Company also plans to grant the underwriters a 30-day option to purchase up to 150,000 additional shares of common stock on the same terms and conditions to cover over-allotments, if any. Janney Montgomery Scott LLC is serving as the sole book-runner and lead manager for the offering. BB&T Capital Markets, a division of Scott & Stringfellow, LLC, J.J.B. Hilliard, W.L. Lyons, LLC and Wunderlich Securities, Inc. are serving as co-managers. The Company intends to use the net proceeds from this offering to acquire additional properties, repay existing indebtednes and for general corporate purposes.