Broadstone Net Lease Partners with Prologis, Inc. on a $78.2 Million Build-to-Suit Development

VICTOR, N.Y. – Broadstone Net Lease, Inc. (NYSE: BNL) (“Broadstone,” “BNL,” the “Company,” “we,” “our,” or “us”), today announced it has added one new development with an aggregate estimated total project investment of approximately $78.2 million to its pipeline of build-to-suit development commitments. This marks another significant milestone in growing our committed build-to-suit pipeline while expanding our network of development partners.

Further, we are pleased to announce that this development will be completed with a new relationship between BNL and the Prologis, Inc. (NYSE: PLD) development team. A global supply chain leader, Prologis focuses on high-barrier, high growth markets with a highly successful track record of developing well-located, high quality industrial properties. This track record complements BNL’s industrial-focused investment thesis, as well as our commitment to excellence and long-term value creation.

“We are extremely excited to not only add an additional $78.2 million to our committed pipeline but to also establish a new relationship with Prologis,” said John Moragne, BNL’s Chief Executive Officer. “We look forward to bringing this project to completion over the next 15 months while pursuing additional opportunities together in the near future and believe this marks the beginning of an exciting new relationship.”

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