other material
confidence high
sentiment positive
materiality 0.65
Broadstone Net Lease adds $117.4M in build-to-suit commitments, hires VP of Development
Broadstone Net Lease, Inc.
- Added two new build-to-suit developments totaling ~$117.4M, including a 1.2M sq ft distribution warehouse for Southwire in Bremen, GA (expected delivery Q3 2026).
- Total committed pipeline now $436.3M in total project commitments across five projects, with cumulative investment at 12/31/24 of $208.9M.
- Hired Sam DeLemos as VP of Build-to-Suit Development; previously Director at Truist Securities with over $2B in transaction volume.
- Q4 2024 earnings release scheduled for Feb 19, 2025 after market close; conference call Feb 20 at 1:00 PM ET.