News

BNL Acquisition: Actuant Corporation

Broadstone Net Lease has acquired one property tenanted by Actuant Corporation in Menomonee Falls, Wisconsin. Actuant Corporation is a publicly traded company (NYSE: ATU) that designs, manufactures, and distributes a wide range of industrial products and systems worldwide. The property serves as the headquarters, a distribution center, and a regional warehouse for Power Products LLC, an affiliate of Sentinel Capital Partners L.P., which purchased the electrical segment of Actuant Corporation in 2013.

  • Closing Date: March 26, 2015
  • Square Footage: 310,000
  • Lease Type: Triple-net
  • Lease Length:  9.5 Years
  • Rent Increases: 2.00% annually
  • Broker/source: Bradley Feller, Stan Johnson Company

Note: The brand listed may not represent BNL’s actual tenant but a lease guarantor, tenant franchise or a D/B/A (doing business as