CHICAGO, MINNEAPOLIS—Broadstone Net Lease, a Rochester, NY-based REIT, is looking for deals in the Chicago and the Twin Cities areas, and in June it plunked down $52.1 million for a Siemens industrial facility in northwest suburban Elgin and a newly constructed Shutterfly production facility in suburban Shakopee, MN.

“We like the Chicago market quite a bit and we also wanted to expand our relationship with Siemens,” Sean Cutt, the company’s vice president for acquisitions, tells As reported in Globe last October, the trust bought a manufacturing and office building at 2501 N. Barrington Rd. in northwest suburban Hoffman Estates occupied by Siemens, a subsidiary of Siemens AG, a Germany-based electronics and engineering firm, under a long-term net-lease. The trust paid $36.3 million for that 382,200-square-foot facility.

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