Gladstone Commercial Corp., a real estate investment trust based in McLean, Va., has announced the pricing of 1.0 million shares of 7.50% cumulative redeemable preferred stock at a $25 liquidation preference per share.The industrial and commercial REIT said the underwriters of the series B preferred stock have been granted an option to buy up to 150,000 additional shares to cover any overallotments. Ferris, Baker Watts Inc. was the sole book-running manager and co-lead manager of the offering, and Robert W. Baird & Co. was the other co-lead manager. The REIT can be found on the Web at http://www.gladstonecommercial.com.
Gladstone Prices Preferred Stock
October 20, 2006, 2:00 p.m. EDT 1 Min Read
