Seefried Properties Sells 144K-SF Elgin Industrial Building
Seefried Properties, a privately held real estate firm specializing in the development, leasing, and management of industrial properties, announced the sale of a 144,414-square-foot industrial facility in Elgin, Illinois. The buyer was a custom plastic molded parts manufacturer, and the transaction details were not disclosed.
Jason West and Doug Pilcher with Cushman and Wakefield represented Seefried in the sale, while Noel Liston of Core Industrial Realty represented the buyer. Located at 1705 Madeline Lane, the building features a 32-foot clear height, nineteen dock doors with two drive-in doors, and 205 car parking stalls.
The property is part of a new two-building 465,360-square-foot Class A campus. Following shell completion in March 2024, the building will include 320,946 square feet of space divisible to 150,000 square feet.
“The considerable demand for premium industrial and logistics facilities in the Chicago market is what, in our opinion, makes this project an attractive investment,” said Dave Riefe, SVP of Seefried’s Midwest region.
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Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories.
With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.