Broadstone REIT Acquires Siemens Facility for $36.3 Million

Source:  REJournals.com

Broadstone Net Lease recently completed the acquisition of a Siemens facility located in suburban Chicago. On Oct. 11, BNL acquired the 382,200-square-foot manufacturing and office facility located at 2501 N. Barrington Road in Hoffman Estates 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. The acquisition is BNL’s ...

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