MCLEAN, Va., Nov. 01, 2018 (GLOBE NEWSWIRE) -- Gladstone Commercial Corporation (NASDAQ: GOOD) (“Gladstone Commercial”) announced today that it has executed a 5-year lease extension with Fiserv Solutions, LLC (“Fiserv”) at its 60,000 square foot office property located in Hickory, North Carolina. The lease extension maintains the property’s 100% occupancy with Fiserv through March 31, 2025.

The single-story build-to suit class A office building serves as a regional data and call-center for Fiserv Solutions, an operating subsidiary of Fiserv, Inc. (NASDAQ: FISV) whose unsecured debt was rated investment grade Baa2 by Moody’s in September 2018. Fiserv Solutions, LLC provides automotive finance and real-estate lending software solutions for banks, thrifts, credit unions, mortgage companies, and captive finance companies in the United States.

"We acquired this property in 2011," stated Buzz Cooper, Senior Managing Director of Gladstone Commercial, "and the lease extension by Fiserv Solutions confirms their commitment to this location in Hickory, NC."

"I am pleased with our team's continued successful leasing efforts in 2018," remarked Bob Cutlip, President of Gladstone Commercial. "Extending the term with an investment grade tenant further increases the quality and length of the weighted average remaining lease term in the Gladstone portfolio and further stabilizes same store rental income."

About Gladstone Commercial Corporation (NASDAQ: GOOD)

Gladstone Commercial is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties across the United States. Gladstone Commercial’s real estate portfolio consists of 101 properties located in 24 states, totaling approximately 11.8 million square feet as of October 30, 2018. For additional information please visit www.gladstonecommercial.com