Seefried Properties Brokers Sale of 144,000 Square Foot Industrial Building in Elgin, IL

SOLD:  144,414-square-foot industrial facility  in Elgin, IL

 

Elgin, IL– Seefried Properties, a privately held real estate firm specializing in the development, leasing, and management of industrial properties, has formally announced the sale of a 144,414-square-foot industrial facility to a custom plastic molded parts manufacturer. The transaction details remain confidential.

Jason West 

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 in Elgin, Illinois, the building features a 32-foot clear height, nineteen dock doors with two drive-in doors, 205 car parking stalls, and an ESFR fire sprinkler system.

Doug Pilcher

The property is part of a two-building 465,360-square-foot Class A campus that commenced construction in July of 2023. Seefried is actively seeking users to lease or purchase the adjacent property at 1700 Madeline Lane.

 

 Following shell completion in March 2024, the building will include 320,946 square feet of space with divisibility down to 150,000 square feet.

 

Additional features include a 36-foot clear height, forty-two dock doors with room for six future dock doors, two drive-in doors, 259 car parking stalls, and an ESFR fire sprinkler system.

                                     

Dave Riefe

Dave Riefe,Senior Vice President of Seefried's Midwest region, remarked, "The considerable demand for premium industrial and logistics facilities in the Chicago market is what, in our opinion, makes this project an attractive investment.

 "Given the location’s accessibility to a large population base and diverse labor pool, we anticipate sustained demand for this type of product throughout the area."

Both buildings are strategically located one mile south of a full four-way interchange at I90 and Randall Road, providing proximity to a population of 3.8 million within a 30-mile radius.

 

Contact:

           

Barbara Bennett | Marketing Coordinator

t: (602) 337-8730  |  m: (520) 661-9641  e: bbennett@seefriedproperties.com 2201 E. Camelback Rd Ste 222  |  Phoenix, AZ 85016

 

www.seefriedproperties.com.