Fromm International Leases 72,745 Square Feet At Algonquin Corporate Center From NorthPoint Development

The transaction involves a newly built Class A logistics hub located at Broadsmore Drive & Corporate Parkway in Algonquin, IL, comprising an industrial asset with a total square footage of 72,745. The facility is strategically positioned to leverage strong highway access along I-90 and its proximity to O’Hare International Airport.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Address: Broadsmore Drive & Corporate Parkway
• Market: Algonquin, IL
• Landlord: NorthPoint Development
• Tenant: Fromm International, LLC
• Landlord's Representatives: Mike Sedjo & John Hamilton - CBRE; Ben Dickey - Stream Realty Partners
• Tenant's Representatives: Adam Marshall, Mark Deady, Cooper Weisman & Dylan Weisman - Newmark

The deal marks the relocation of Fromm International's national distribution operations from the O’Hare submarket to this new site within the Algonquin Corporate Center. Newmark facilitated the arrangement, showcasing the collaborative efforts of multiple representatives to finalize the lease agreement.