DURHAM, NC-Rochester, New York-based Broadstone Real Estate LLC reported that Broadstone Net Lease Inc. has acquired 18 net-leased properties for $61 million. The 308,000-square-foot distribution facility occupied by Implus Footcare LLC in Durham is one of the properties acquired by Broadstone.
The Implus distribution center was part of a deal that involved seven assets in an UPREIT transaction where the sellers received Broadstone Net Lease LLC's operating partnership units through a non-taxable aiding of their equity. For the full story, go to Triangle Business Journal .
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