Newmark is pleased to announce that it has successfully advised and represented Leslie’s Poolmart, Inc. in renewing its 125,000-square-foot, long-term lease renewal at 320 Industrial Drive in West Chicago.
Founded in 1963 and headquartered in Phoenix, Arizona, Leslie’s Poolmart, Inc. (Leslie’s) is the world’s largest retailer of swimming pool and spa supplies, services and repairs for both residential and commercial customers. Leslie’s currently markets its products in 940+ store locations throughout 35 states, a nationwide mail-order catalog, and an internet e-commerce site. The company employs approximately 4,500 associates across the country during the high-season.
Newmark Executive Managing Director Jerry Jacobs of the firm’s Phoenix office represented Leslie’s Poolmart, Inc. nationally, while Senior Managing Director Adam Marshall, SIOR, and Director Mark Deady of the firm’s Chicago office advised locally.
“Leslie’s was looking to re-assess its strategy and create a more efficient space,” said Marshall. “We were able to work with the landlord, Colony NorthStar, Inc., on our client’s needs and in the end we were able to agree on a tenant improvement package to achieve Leslie’s initiatives. It’s a great fit for Leslie’s and we are pleased to have arranged this long-term renewal on their behalf.”
David Prell of CBRE represented Colony NorthStar, Inc. in the transaction.
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark”), is one of the world’s leading commercial real estate advisory firms. Newmark has over 4,600 employees in over 120 offices. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents. With roots dating back to 1929, Newmark’s strong foundation makes it one of the most trusted names in commercial real estate. We offer a complete suite of services and products for both owners and occupiers across the entire commercial real estate industry.
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