Thursday, December 29, 2016

Gladstone Buys GSI Commerce Bldg in King of Prussia

Gladstone Commercial Corporation purchased the GSI Commerce Building at 935 1st Ave. in King of Prussia, PA from a private investor for $26 million.

The four-story, 104,000-square-foot office building was constructed in 2001 in Montgomery County, within the First Avenue Corporate Center.

The existing tenant in the building, Radial, will continue to occupy the building. The buyer plans to renovate the property at an estimated cost of $4 million.

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