Broadstone Real Estate announced that Broadstone Net Lease, Inc., a private real estate investment trust (REIT), recently completed the acquisition of three triple net-leased properties for a combined purchase price of $36.1 million according to a National Real Estate Investor article. Altogether in 2010, BNL acquired 21 net-leased properties for a combined purchase price of $83.1 million.
The first property is the Unity at Ridgeway medical office property located in Rochester, NY. Unity at Ridgway is a Class A medical office property that is master leased to Unity Health System for 20 years. The four story, 120,000 SF building is subleased to a variety of tenants specializing in cardiology, OB/GYN, neurology, rehabilitation, diabetes treatment, medical imaging and others. Broadstone also purchased the 20,473 square foot Guardian Urgent Care Center located in Westminster, CO with an initial lease term of 15 years. The final property is a distribution center located in St. Louis, MO. The 81,000 SF property is leased to Jeffco Trucking for an initial term of 20 years.
For more news and information visit Blumberg Capital Partners.
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