09:38 AM EDT, 05/12/2025 (MT Newswires) -- Gladstone Commercial ( GOOD ) said Monday it has acquired a 303,991-square-foot, class A, temperature-controlled site in Germantown, Wisconsin, for $62.7 million.

The facility has specialized freezer and cooler storage and was constructed for pet food production and distribution, the real estate investment trust said.

The facility is fully leased to G&H Pets through September 2044, the company added.

Gladstone's stock was up more than 1% higher in recent Monday trading.

Price: 14.34, Change: +0.26, Percent Change: +1.85