Broadstone Net Lease Announces Three Additional Build-to-Suit Developments for $61.4 million

VICTOR, N.Y. – Broadstone Net Lease, Inc. (NYSE: BNL) (“BNL”, the “Company”, “we”, “our”, or “us”), today announced it has added three new development projects to its pipeline of build-to-suit commitments. These projects represent an aggregate estimated total project investment of approximately $61.4 million.

“We are excited about the continued momentum of our build-to-suit strategy and our differentiated value proposition,” said John Moragne, BNL’s Chief Executive Officer. “We are thrilled to add two new developer relationships and expand on an existing partnership, demonstrating the strength of our network and our robust and resilient pipeline of build-to-suit opportunities. I look forward to sharing more exciting updates about our business on our earnings call next week.”

As of the date of this release, we have secured the land and started construction on three additional build-to-suit developments as outlined below, including a new industrial distribution warehouse facility located in the Dallas MSA for Palmer Distribution Services, Inc. We are also excited to expand our relationship base with two new development partners, the first for a new state-of-the-art industrial distribution warehouse located in California’s Central Valley for AGCO Corporation and the second for a new grocery store in the Dallas MSA for Sprouts Farmers Market, Inc. (NASDAQ: SFM). We expect all three projects to deliver in the third quarter of 2026.

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