Rochester, New York/ PR Newswire/ — Broadstone Real Estate, LLC today announced that Broadstone Net Lease (BNL) recently completed the acquisition of a Siemens facility located in suburban Chicago. The acquisition is BNL’s largest to date in the Chicago area. The Broadstone Net Lease REIT now owns 188 properties in 27 states with a total portfolio value of over $700 million.
On October 11th, BNL acquired the 382,200 square foot manufacturing and office facility located in Hoffman Estates, IL for $36.3 million. The recently renovated facility, which sits on 46 acres, is net leased to Siemens through a new 10-year lease, which includes four five-year renewal options and structured annual rent increases.