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Lee & Associates Negotiates 53,000 SF Warehouse Lease In Elgin For Bullfrog International

Property Image
LEASED
Michael Petrik
Sean Bishop
+ 1

Illinois

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Industrial53,000 SF
Leased 03/21/2024
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Property Image
LEASED

Lee & Associates Negotiates 53,000 SF Warehouse Lease In Elgin For Bullfrog International

1320 Gateway Drive

See Similar Deals
Industrial53,000 SF
Leased 03/21/2024
Michael Petrik
Sean Bishop
+ 1
Contact now

Summary

ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:53,000 SF
Transaction Type:Lease

The industrial property at 1320 Gateway Drive in Elgin, IL, spanning 53,000 square feet, was leased to Bullfrog International. This warehouse, secured by Big Box Property Owner C, LLC, facilitated Bullfrog's expansion in the Midwest market and offered essential amenities to support their operations.

Summary of transaction details:

Lee & Associates played a crucial role in negotiating the 53,000-square-foot warehouse lease for Bullfrog International at 1320 Gateway Drive. The deal was successfully facilitated by Michael Petrik, Rick Scardino, and Sean Bishop from Lee & Associates as the tenant's representatives, along with Jeff Matella from Cushman & Wakefield acting as the landlord's representative.

Players

Rick Scardino
21 deals$11.8M volume
BROKER

Michael Petrik
Lee & Associates
8 deals$3.5M volume
BROKER


Details

LEASED
IMAGE: 03/21/2024 ADDRESS: 1320 Gateway Drive MARKET: Elgin ASSET TYPE: Industrial ~ SF: 53,000 LANDLORD: Bix Box Property Owner C, LLC TENANT: Bullfrog International LANDLORD'S REP: Jeff Matella - Cushman & Wakefield TENANT'S REP: Michael Petrik, Rick Scardino & Sean Bishop - Lee & Associates NOTE: Lee & Associates negotiated a 53,000-square-foot warehouse lease for Bullfrog International at 1320 Gateway Drive in Elgin, IL. The property, featuring essential amenities, supports Bullfrog's expansion in the Midwest market.

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Deal Type
Effective Rent (Annual)

$3,037,928.02

Total Lease Value

$30,379,280.18

Net Landlord Cash Flow$3,037,928.02