Broadstone Net Lease Inc. (NYSE: BNL) has announced the addition of three new development projects to its build-to-suit commitments, with an estimated total investment of approximately $61.4 million. These projects include a new industrial distribution warehouse for Palmer Distribution Services, Inc. in the Dallas MSA, a state-of-the-art industrial distribution warehouse in California's Central Valley for AGCO Corporation, and a new grocery store for Sprouts Farmers Market, Inc. in the Dallas MSA. The projects are expected to be completed by the third quarter of 2026. BNL's CEO, John Moragne, expressed enthusiasm about the company's expanding developer relationships and the robust pipeline of build-to-suit opportunities. Further updates are anticipated in the company's upcoming earnings call.
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