Newmark negotiates 119,786-square-foot lease for HydroJug in Ogden
Salt Lake City — Newmark Knight Frank (“Newmark”) announces it has negotiated a 119,786-square-foot lease on behalf of HydroJug. HydroJug is expanding its footprint at Business Depot Ogden in Ogden, Utah, and moving into a second, new Class A industrial building, bringing the company’s total square footage to 160,429 square feet.
Newmark director Braxton Willie and executive managing director Chris Falk represented the tenant in the transaction. HydroJug was founded by two brothers who created a simple reusable half-gallon water jug that has since transformed into a more sophisticated design to include straws and insulated sleeves/carriers in a variety of colors and styles. The landlord, The Boyer Company, was self-represented.
“HydroJug has created an incredible culture both for its employees and clients,” says Willie. “The company has been able to maintain the same high-level experience for its customers while experiencing a 9,032 percent growth over the past three years. This modern facility is in a prime location and perfectly meets the company’s growth needs.”
“Braxton Willie with Newmark has been great to work with”, says Hayden Wadsworth, founder, and CEO of HydroJug. “This is our fourth expansion in four years and every time we need more space, they have been able to help. This new expansion will allow us to better our customer experience through more efficient packaging and shipping times.”
The building is located at 175 North 1140 West and is part of Business Depot Ogden, a premier industrial business park situated on 1,118 acres with convenient access Interstate 15 and Interstate 84. The industrial park has over 12.5 million square feet of warehousing, manufacturing, and office space with an additional 225 acres of ground available for new development. More than 130 unique businesses and 6,500 employees have made Business Depot Ogden their home.
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. Our comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, growing startups to leading companies. In 2020, Newmark generated revenues in excess of $1.9 billion. Newmark, together with London-based partner Knight Frank and independently-owned licensees, operates globally from approximately 490 offices with 19,300 professionals. To learn more, visit nmrk.com or follow @newmark.
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