Newmark Arranges 72,745-Square-Foot Industrial Lease for Fromm International in Algonquin, Illinois

May 21, 2026 11:00 AM

Newmark announces the Company has arranged a 72,745-square-foot industrial lease at Algonquin Corporate Center, a state-of-the-art industrial complex located 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.

"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."

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.

According to Newmark Research, the Chicago industrial market opened 2026 with solid fundamentals, recording 1.7 million square feet of net absorption in the first quarter. Vacancy remained flat at 5.3%, 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, reflecting continued tenant preference for modern, high-quality logistics space.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended March 31, 2026, Newmark generated revenues of more than $3.4 billion. As of March 31, 2026, Newmark and its business partners together operated from over 185 offices with more than 9,600 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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