News

BNL Property Acquisition: FCA US, LLC (Fiat Chrysler)

Broadstone Net Lease has acquired one property located in Portage, Indiana tenanted by FCA US, LLC (Fiat Chrysler) via lease assumption. The property serves as a national parts distribution center, and includes office space, a cross-dock warehouse, and a truck terminal.

FCA US, LLC is an American automobile manufacturer headquartered in Auburn Hills, Michigan and is owned by holding company Fiat Chrysler Automobiles, which is headquartered in London. Today, FCA is the seventh-largest automaker in the world, designing, engineering, manufacturing and selling passenger cars, light commercial vehicles, components, and production systems worldwide.

  • Closing Date: March 24, 2016
  • Square Footage: 115,815
  • Lease Type: Triple-net
  • Lease Length:  10 Years
  • Rent Increases: 2.00% annually
  • Broker/Source: Todd Torok/Jones Lang LaSalle

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).