Broadstone Net Lease Acquires FMC Corp's Stine Research Center In Newark For $114 Million

The property asset involved in this transaction is a 255-acre Life Sciences facility located at 1090 Elkton Rd, Newark, DE. The sale price for the asset was $114,000,000, with a total square footage of 679,988, resulting in a price per square foot of $168.

Summary of transaction details:

• Property Type: Life Sciences
• Transaction Amount: $114,000,000
• Sale Date: 06/25/2026
• Buyer: John Moragne
• Buyer's Company: Broadstone Net Lease
• Seller: FMC Corp
• Leased Back Period: 11 years

This transaction involved John Moragne representing Broadstone Net Lease in the acquisition of FMC Corp.'s Stine Research Center. The deal includes FMC leasing back the 255-acre campus after the transaction, allowing continued operations at the site while providing Broadstone with a significant asset.