GrowingHot Tub Retailer Commits to Industrial Space to Support Expanding Illinois Retail Presence
Lee & Associates, one of the largest national commercial real estate providers, negotiated a new 53,000-square-foot warehouse lease on behalf of Bullfrog International at 1320 Gateway Drive in Elgin, IL. The tenant was represented by three Lee & Associates brokers – Rick Scardino, Principal, and Michael Petrik, Associate, of Lee & Associates of Illinois, and Sean Bishop, Principal, of Lee & Associates Arizona.
The 53,000-square-foot building features 24’ clear height, two interior docks, two drive-in doors and an existing three-ton bridge crane. It is located just south of the I-90 and Randall Road interchange in Northwest suburban Elgin. The landlord, Bix Box Property Owner C, LLC (Mapletree US Management, LLC), was represented by Jeff Matella of Cushman & Wakefield.
Bullfrog International is a designer and manufacturer of high-end hot tubs that has quickly entered the Midwest market and expanded its Chicago-area presence with new industrial warehouse and retail space. Previously opened Bullfrog Spas retail stores are located in Geneva, Gurnee, and Vernon Hills and average around 10,000 square feet.
According to Scardino, “This well-positioned warehouse space is ideal for the quick ramp up being experienced by our tenant in the Chicagoland market. With three other retail stores opened over the past year, and a fourth and fifth location to be announced soon, this building is ideally located for product delivery and service.”
About Lee & Associates
Lee & Associates offers an array of real estate services tailored to meet the needs of the company’s clients, including commercial real estate brokerage, integrated services, and construction services. Established in 1979, Lee & Associates is now an international firm with offices throughout the United States and Canada. Our professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link, our company blog. For more Lee & Associates of Illinois happenings, connect with us on LinkedIn, Twitter and Instagram.