Rochester, New York/ PR Newswire/ — Broadstone Real Estate, LLC today announced that Broadstone Net Lease (BNL) recently completed the acquisition of a Siemens facility located in suburban Chicago. The acquisition is BNL’s largest to date in the Chicago area. The Broadstone Net Lease REIT now owns 188 properties in 27 states with a total portfolio value of over $700 million.
On October 11th, BNL acquired the 382,200 square foot manufacturing and office facility located in Hoffman Estates, IL for $36.3 million. The recently renovated facility, which sits on 46 acres, is net leased to Siemens through a new 10-year lease, which includes four five-year renewal options and structured annual rent increases.
“We’re delighted to have completed this significant sale-leaseback transaction with Siemens, a new marquee tenant for us,” said Amy Tait, CEO of BNL. “This acquisition adds further diversification to the BNL portfolio in a core US real estate market.”
Broadstone Net Lease is a private Real Estate Investment Trust (REIT) that focuses on acquiring and holding freestanding, single-tenant, net-leased properties throughout the United States. The REIT’s portfolio is comprised of 188 fully tenanted commercial properties, with no lease maturities occurring before the year 2020. Today, there are more than 700 accredited investors that are shareholders in the REIT, which is externally managed by Broadstone Real Estate, LLC, a certified Woman Owned Enterprise. BNL remains open for new investment by accredited investors on a monthly basis. For more information, visit Broadstone’s website at www.broadstone.com or contact the firm’s Investor Relations team.