Broadstone Net Lease Acquires 382,200 Square Foot Manufacturing-Office Building In Chicago Suburb
10/17/2013
As a private Real Estate Investment Trust, Broadstone Net Lease focuses on acquiring and holding freestanding, single-tenant, net-leased properties throughout the United States.
On October 11th, BNL acquired the 382,200 square foot manufacturing and office facility located in Hoffman Estates, Illinois 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."
Project Announcements
Oldcastle APG Plans Lancaster, South Carolina, Operations
05/10/2025
Vantive Plans Deerfield, Illinois, Headquarters Operations
05/10/2025
SkyWest Airlines Plans Shreveport, Louisiana, Maintenance Operations
05/10/2025
Hissho Sushi Plans Rock Hill, South Carolina, Headquarters-Distribution Operations
05/09/2025
Nelson Brothers Expands Walker County, Alabama, Operations
05/04/2025
Kimberly-Clark Expands Aiken County, South Carolina, Distribution Operations
05/04/2025
Most Read
-
Run a Job Task Analysis
Q4 2024
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
The Location Economics of Advanced Nuclear
Q1 2025
-
Why Workforce Readiness Can’t Wait
Q1 2025
-
Power, Policy, and Site Selection in 2025
Q1 2025
-
Is It Time to Start Planning for Quantum Data Centers?
Q1 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024