other material
confidence high
sentiment positive
materiality 0.60
Broadstone Net Lease adds $78.2M build-to-suit with Prologis; FCA US warehouse in pipeline
Broadstone Net Lease, Inc.
- New $78.2M development partnership with Prologis (NYSE: PLD) for a build-to-suit industrial project.
- FCA US (Stellantis) distribution warehouse in Forsyth, GA expected to deliver Q3 2026; 422k sq ft.
- Total in-process committed pipeline of $311 million across 6 developments with 7.4% cash cap rate.
- Cumulative investment on all projects $251M; remaining funding needed $255.8M as of April 24, 2025.
- Stabilized UNFI facility in Sarasota, FL completed earlier; weighted-average straight-line yield 8.8%.