Newmark Arranges 72,745-Square-Foot Industrial Lease for Fromm International at Algonquin Corporate Center

ALGONQUIN, Ill. — Newmark has arranged a 72,745-square-foot industrial lease at Algonquin Corporate Center, a Class A industrial complex located at Broadsmore Drive and Corporate Parkway in Algonquin, Illinois, the firm announced May 21, 2026. The tenant, Fromm International, LLC, a manufacturer of high-end professional salon tools and accessories, is relocating its national distribution operations from the O'Hare submarket to the northwest suburban property.

Industrial Real Estate Deal Details

Fromm International will occupy space within Building 1 of the five-building, 1.7-million-square-foot Algonquin Corporate Center. Developed by NorthPoint Development and 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.

Newmark Executive Managing Director Adam Marshall and Director Mark Deady represented Fromm International 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 Partners. Financial terms of the lease were not disclosed.

"The relocation to Algonquin Corporate Center reflects Fromm International's continued focus on optimizing its distribution network and positioning for long-term operational efficiency," said Marshall. "The new facility provides a highly efficient layout and modern infrastructure that aligns with the company's evolving distribution and workforce requirements, while offering strong access to key transportation corridors along I-90."

Location and Property Context

Strategically situated with direct access to Interstate 90, the property offers connectivity throughout the Chicago metro area and is approximately 35 minutes from O'Hare International Airport. The location also provides access to a labor pool across the northwest suburban submarket.

Chicago Industrial Market Fundamentals

The lease comes as Chicago's industrial real estate market maintains solid fundamentals heading into 2026. According to Newmark Research, the Chicago industrial market recorded 1.7 million square feet of net absorption in the first quarter of 2026. Vacancy remained flat at 5.3%, which is 250 basis points below the 20-year average of 7.8%, while leasing activity rebounded to 13.3 million square feet following a late-2024 slowdown.

Class A product accounted for 59.4% of total leasing volume in the first quarter, reflecting continued tenant preference for modern, high-quality logistics space.

About the Firms

Newmark Group, Inc. (Nasdaq: NMRK) is a commercial real estate services firm offering services to owners, occupiers, investors, and startups through blue-chip companies. For the twelve months ended March 31, 2026, Newmark generated revenues of more than $3.4 billion. As of that date, Newmark and its business partners operated from over 185 offices with more than 9,600 professionals across four continents.