Broadstone Net Lease Acquires Property Leased by Wegmans via UPREIT Transaction

Private REIT Now Owns 344 Properties in 34 States

 ROCHESTER, N.Y. – Broadstone Net Lease (BNL), a private real estate investment trust (REIT) managed by Broadstone Real Estate, LLC, continues to grow its national portfolio of triple-net leased properties. Today, BNL announced the acquisition of a property tenanted by Wegmans Food Markets, Inc. via an UPREIT transaction for a gross contribution value of $27 million.

The property, located in Sterling, Virginia, is less than three miles from Washington Dulles International Airport, in close proximity to Washington, DC, and currently leased by Wegmans. BNL is excited about the opportunity to add Wegmans to its impressive list of retail tenants.  Continue reading