Seefried Completes 8.82-acre assemblage in Elk Grove Village, IL

Located in the highly sought-after Centex Industrial Park
in Elk Grove Village, IL, Seefried plans to construct
 a two-building 163,000 SF spec industrial development.

David Riefe

ELK GROVE, IL -- Seefried Industrial Properties recently acquired an 8.82-acre land site with plans to break ground immediately on a two-building 163,000 SF spec development.

 

The 8.82-acre site is an assemblage of six (6) residential parcels that Seefried re-zoned and consolidated to accommodate this development. 

 Jonathan Kohn and Ron Behm at Colliers International represented Seefried on the assemblage.

Located in the highly sought-after Centex Industrial Park in Elk Grove Village, the project will   feature 32-foot height clear heights, 195’ concrete truck courts, an ESFR sprinkler system, 24 docks, 8 trailers and 175 parking spaces. 

 The site offers close proximity to I-290 and I-355 and is minutes from O’Hare International Airport.  Combined with the I-290 North Submarket to south of the airport, the greater O’Hare area totals more than 215 million square feet and is one of the largest industrial submarkets in the country. 

Jonathan Kohn

 “After successfully developing, leasing and selling a 215,000 SF spec facility prior to its completion in Pleasant Prairie, Wisconsin, Seefried is pleased to be partnering again with the same team on this development," said David Riefe, Senior Vice President of Seefried Properties.

  

 "While real estate markets have changed dramatically over the past several months, we are confident this project caters to emerging trends such as last mile distribution near the population center.” 

Harris Architects has been engaged as the project architect; Jacob & Hefner is the civil engineer and Premier Design + Build is the general contractor.  The project is scheduled for completion during the first quarter of 2021.

Ron Behm

About Seefried Properties

Seefried Properties was founded in 1984 by Ferdinand Seefried and is still 100 percent privately owned today.  

The firm focuses on industrial development in core markets and build-to-suits with corporate tenants and users in first and second-tier markets. 

Seefried's development, construction, leasing, property management and accounting teams firmly believe that client relationships are solidly built on trust and further developed by each individual experience.  

Ferdinand Seefried 

Seefried is based in Atlanta, with regional offices in Los Angeles, Dallas/Fort Worth, Chicago and Phoenix.  

Seefried Properties has built over $9 Billion in development volume in 25+ markets across the U.S.

 

 CONTACTS:

Dave Riefe

Senior Vice President – Midwest Region

Seefried Industrial Properties

daveriefe@seefriedproperties.com     +1 630.215.5323

Barbara Bennett
Marketing Coordinator
Seefried Industrial Properties
3333 Riverwood Parkway · Suite 200
Atlanta, Georgia 30339
O: 770.702.8207 │ M: 520.661.9641
bbennett@seefriedproperties.com
www.seefriedproperties.com

corporate.colliers.com

JLL secures $26.65 million financing to develop Austin mixed-use property

Rendering of planned Red Bluff Development, Austin, TX

 DALLAS, TX – JLL Capital Markets announced it has arranged $26.65 million in construction financing for the Red Bluff Development, a Class A, 91,635-square-foot office and retail development in a Qualified Opportunity Zone in Austin, Texas.

 De'On Collins

JLL worked on behalf of the developer, HN Capital Partners, to place the loan with Bank OZK. 

HN Capital Partners is developing the project in partnership with Austin-based Red Bluff Partners, which acquired the land in 2014.

The building will be the first phase of a mixed-use project and consists of a five-story, Class A office building and ground-floor retail space along with a 269-stall parking structure.

 Designed by Studio Rick Joy, the building will feature open floor plans with ample natural light. The developer plans to construct a boutique hotel as part of the second phase.

The building will be situated on 1.09 acres at 4713 E. Cesar Chavez St. in the East Austin District, a live-work-play area in Austin that embodies the quintessential Austin lifestyle.

This premier location provides access to the city’s trendy amenity base, which includes more than 2.2 million square feet of retail and more than 6,500 multi-housing units.

Chris McColpin

The JLL Capital Markets Debt Placement team representing the equity placement or a recapitalization. 

The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

The borrower was led by Senior Directors De'On Collins and Chris McColpin, Associate Jayme Nelson and Analyst Alastair Barnes.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. 

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement,

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. 

Jayme Nelson 

JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. 

JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 94,000 as of March 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

Ray Lee Hunt 

About HN Capital Partners

HN Capital Partners is an opportunistic investment manager founded and operated by Vipin Nambiar, with the backing of Hunt Investment Group (a company led by Ray L. Hunt and his family). 

 Alastair Barnes

HN Capital runs multiple strategies on behalf of its investors and takes a long-term and opportunistic approach to compounding capital.

 Cross capital-structure real estate investments are one of the key investing areas for HN Capital, and it was the co-developer of marquee projects like the Virgin Hotel Dallas.

About Red Bluff Partners

Red Bluff Partners is led by a group of experienced sponsors including John Scott and Bernt Kuhlmann, who have brought in a stellar team of industry experts in order to design and execute their vision of a cornerstone property in an evolving and blossoming east Austin community.

CONTACT:

Kimberly Steele

JLL Senior Associate

Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

 jll.com.