ENGLEWOOD, CO-Gladstone Commercial Corporation, McLean, VA, has purchased Parkside Office Plaza, a three-story, 97,797 square foot, single-tenant office building for $18,250,000. The class A, LEED Gold property is 100% leased to ViaSat, Inc., an innovator in satellite and other wireless networking systems and services based in Carlsbad, CA.

"This acquisition is consistent with our strategic decision to expand our acquisition efforts in both primary and secondary markets in the Western U.S." said Andrew White, managing director of Gladstone Commercial. "The class A construction, strong tenancy and premiere location in Denver's Southeast submarket will provide stable and attractive returns for our investors."

Cushman & Wakefield of Colorado's team of vice chairmen Mike Winn and Tim Richey, along with Director Chad Flynn handled the transaction on behalf of Founders Properties, the seller. Mike Winn of C&W said, “It was a pleasure to work with Founders and Gladstone in ensuring a mutually beneficial transaction of this top tier asset.”