Gladstone Commercial Corporation reported mid-year business developments including the acquisition of a 153,890 square foot industrial property in Newport News, Virginia for $22.75 million. The facility is fully leased to a subsidiary of Huntington Ingalls Industries, America's largest shipbuilder, on a long-term net lease. The company also acquired adjacent land in Clintonville, Wisconsin for $0.7 million to support an 86,000 square foot expansion. Leasing activity across eight properties covered over 966,000 square feet, resulting in a $0.3 million net increase in GAAP rent, while portfolio occupancy held at 98.7% as of June 30, 2026. Industrial concentration rose to 69% of annualized straight line rent, up from 63% at the end of 2024, and available liquidity stood at $80.8 million.
Gladstone Commercial CorporationAcquisition of a fully leased industrial property and expansion in Wisconsin, with strong portfolio occupancy and increased industrial concentration.
Huntington Ingalls Industries Inc