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Bullfrog International Leases 10,840 SF Retail Space At Gurnee Town Center In Illinois

Property Image
LEASED
$25
Michael Petrik
Branden Reedy
+ 2

Illinois

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Retail10,840 SF
Leased 07/27/2023
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Property Image
LEASED

Bullfrog International Leases 10,840 SF Retail Space At Gurnee Town Center In Illinois

7105 W Grand Ave Gurnee, IL 60031, USA

See Similar Deals
Retail10,840 SF
Leased 07/27/2023
Michael Petrik
Branden Reedy
+ 2
Contact now

Summary

ILLINOIS
Asset Type:Retail
Price Per Square Foot:$25
Total Square Footage:10,840 SF
Transaction Type:Lease

Bullfrog International has leased 10,840 square feet at Gurnee Town Center in Illinois. The retail space is located at 7105 West Grand Avenue in the market of Gurnee. The landlord for this property is Kite Realty. The asset is categorized as a retail property and the asking rent is $25 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not mentioned
  • Address: 7105 West Grand Avenue, Gurnee
  • Market: Gurnee
  • Asking Rent: $25/ft.
  • Square Footage: 10,840
  • Landlord: Kite Realty
  • Tenant: Bullfrog International

The deal was facilitated by the following representatives: Branden Reedy and Jimmy Danaher from CBRE represented the landlord, while Rick Scardino, Michael Petrik, and Sean Bishop from Lee & Associates represented the tenant, Bullfrog International.

This lease represents an expansion of Bullfrog International's retail presence in the Midwest. The company, which specializes in high-end hot tub design and manufacturing, has chosen Gurnee Town Center as a strategic location for their growing business.

Players

Rick Scardino
21 deals$11.8M volume
BROKER

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


Jimmy Danaher
Mid-America Real Estate Group
2 deals$1.5M volume(312) 540-4601
BROKER


Kite Realty
LANDLORD

Details

LEASED
IMAGE: Rick Scardino, Branden Reedy, Michael Petrik, Jimmy Danaher & Sean Bishop DATE: 07/27/2023 ADDRESS: 7105 West Grand Avenue MARKET: Gurnee ASSET TYPE: Retail LANDLORD: Kite Realty (@KiteRealtyGroup) TENANT: Bullfrog International LANDLORD'S REP: Branden Reedy & Jimmy Danaher - CBRE (@CBRE) TENANT'S REP: Rick Scardino (@RickScardino), Michael Petrik & Sean Bishop - Lee & Associates (@LeeAssociatesRE) ASKING RENT: $25/ft. ~ SF: 10,840 NOTE: Bullfrog International leased 10,840 square feet at Gurnee Town Center in Illinois, represented by Lee & Associates. The high-end hot tub designer and manufacturer is expanding its retail presence in the Midwest.

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Deal Type
Effective Rent (Annual)

$310,671.13

Total Lease Value

$3,106,711.29

Net Landlord Cash Flow$310,671.13