Global Net Lease, Inc. announced on April 9, 2025, that it received written notice from the Government Services Administration (GSA) revoking its previous notice to exercise termination rights. This pertains to GNL’s Class A office building located in Franklin, Tennessee.
As a result of this revocation, the existing lease agreement with the GSA remains in full force and effect. This development ensures the continued occupancy and rental income from a significant asset in GNL's portfolio.
The retention of this lease avoids potential vacancy and revenue loss, reinforcing the stability of GNL's income stream. GNL expressed its appreciation to the GSA for being a valued partner throughout this process.
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