Broadstone Net Lease has acquired a Class A warehouse property located in New Kensington, Pennsylvania, tenanted by Leedsworld, Inc. (Leed’s). Leed’s is a supplier of high quality branded promotional products, including a variety of goods such as mobile tech items, bags, and drinkware. The property was acquired via lease assumption.
Broadstone Net Lease has acquired a three story, custom-built office building in Melbourne, Florida, tenanted by Florida Institute of Technology. Florida Tech utilizes the property for admissions and financial aid offices, the registrar, classrooms, student common areas, and psychology departmental offices. The property was acquired via lease assumption.
Private REIT Continues to Grow Atlanta Presence
ROCHESTER, N.Y. – Broadtree Residential (Broadtree), a private real estate investment trust (REIT) managed by Broadstone Real Estate, LLC (Broadstone), today announced the acquisition of “Somerset at the Crossings” (Somerset), a 264-unit multifamily community located in Tucker, Georgia, for a purchase price of $23.5 million. Continue reading
Broadstone Net Lease has acquired a ~220K square foot office building in Austin, Texas, currently leased to Centene Corporation (NYSE: CNC), a Fortune 500 company that provides programs and services to government-sponsored health care programs. The property was acquired via lease assumption.
Broadstone Net Lease has acquired an industrial manufacturing facility tenanted by New Flyer Industries Inc., the largest transit bus manufacturer and parts supplier in the U.S. The property, which was acquired via lease assumption, is located in St. Cloud, Minnesota.
Broadstone Net Lease has acquired four properties tenanted by BluePearl Veterinary Partners. The properties, which are located in Tampa, FL and Houston, TX, were acquired via lease assumption, and are held under one master lease with a remaining term of 17 years.