ATLANTA—Gladstone Commercial Corporation just acquired a four-story, 78,151 square foot office building located in Atlanta. The sale price: $13 million.

As part of a sale-leaseback deal, the property was leased back to the Delta Community Credit Union. Founded in 1940 and based in Atlanta, Delta Community Credit Union is the 23rd largest credit union in the US and is the largest credit union in the state of Georgia with 26 branches.

“This acquisition demonstrates Gladstone Commercial's continued focus on partnering with strong tenants to acquire properties in growing markets," says Gladstone senior managing director Buzz Cooper. "This acquisition brings our Atlanta MSA portfolio to nine properties. We look forward to expanding our relationship with Delta Community Credit Union in the future."

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.