Seefried Properties, a privately held real estate firm specializing in developing, leasing, and managing industrial properties, recently announced the sale of a 144,414-square-foot industrial facility in Elgin, Illinois. The buyer is a custom plastic molded parts manufacturer whose identity has not been disclosed.
Cushman and Wakefield’s Jason West and Doug Pilcher represented Seefried in the transaction while Core Industrial Realty’s Noel Liston represented the buyer. This building located at 1705 Madeline Lane boasts features such as a clear height of 32 feet, nineteen dock doors with two drive-in doors,and parking for up to 205 cars.
The property is part of an upcoming Class A campus consisting of two buildings totaling to465360 square feet. Upon completion by March2024,the building will offer320946 square feetof divisible space starting from150000 square feet.
According to Dave Riefe,SVPof Seefried’s Midwest region,”the high demand for top-notch industrial and logistics facilitiesin Chicago makes this project an attractive investment.”
For more information about Connect Industrial Midwest2024 taking place on March5th at Joe’s Livein Rosemont,Illinois click here .
