Newmark arranged a 72,745-square-foot industrial lease at Algonquin Corporate Center, a state-of-the-art industrial complex on Broadsmore Drive and Corporate Parkway in Algonquin, Illinois.
The tenant, Fromm International, LLC, a leading manufacturer of high-end professional salon tools and accessories, is relocating its national distribution operations from the O’Hare submarket.
Newmark Executive Managing Director Adam Marshall and Director Mark Deady represented the tenant in the lease negotiations, with Managing Director Cooper Weisman and Director Dylan Weisman providing strategic support. The landlord, NorthPoint Development, was represented by Mike Sedjo and John Hamilton of CBRE and Ben Dickey of Stream Realty.
Fromm International will occupy space within Building 1 of the five-building, 1.7-million-square-foot Algonquin Corporate Center. Constructed in 2022, the Class A facility features 36-foot clear heights, 130-foot truck courts, ESFR sprinkler systems, ample car and trailer parking and spec office space designed to accommodate modern industrial users.
Strategically located with direct access to I-90, the property offers seamless connectivity throughout the Chicago metro and is approximately 35 minutes from O’Hare International Airport. The location also provides access to a deep and highly skilled labor pool across the northwest suburban submarket.
