Gladstone Commercial Corporation Acquires Single-Tenant Office Building Leased by Radial, Inc. in King of Prussia, PA

1/13/17

CBRE Represented Radial During the Transaction

CBRE Group, Inc. (CBRE) is pleased to announce that it has arranged the sale of a Class A 103,334 square-foot, single tenant office building tenanted by Radial, Inc. (Radial) via a sale leaseback for a purchase price of $25.5 million. The four-story property, which serves as Radial’s corporate headquarters, is located at 935 1st Avenue in King of Prussia, Pennsylvania.

Robert Fahey, Jerry Kranzel and Erin Hannan of CBRE Capital Markets’ Institutional Properties team represented Radial during the transaction.

“Quality assets, leased on a long-term basis to established companies are very much in demand,” said Robert Fahey, Executive Vice President, CBRE. “Investors are attracted to the stable returns offered by these investments and the security of a long-term lease with an industry leader such as Radial.”

Radial, the leader in Omnichannel Commerce technologies and operations, has agreed to a 15-year triple-net lease. Radial is the recently combined operations of eBay Enterprise and Innotrac.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

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