Broadstone Buys Siemens Facility for $36.3M

CHICAGO—The I-90 corridor has many manufacturing and research facilities critical to the operations of high-tech corporations, making them extremely attractive to investors. Broadstone Net Lease, for example, recently completed the acquisition of a Siemens Corp. facility located at 2501 N. Barrington Rd. in northwest suburban Hoffman Estates. The Rochester, NY-based REIT paid $36.3 million for the 382,200-square-foot manufacturing and office building, which Siemens will continue to occupy under a long-term net-lease.

“We’re delighted to have completed this significant sale-leaseback transaction with Siemens, a new marquee tenant for us,” says Amy Tait, CEO of BNL. “This acquisition adds further diversification to the BNL portfolio in a core US real estate market.”