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Seefried Properties Begins Construction on Two Spec Facilities in Elgin, Illinois

ELGIN, IL — Seefried Properties recently broke ground on a new two-building speculative development in Elgin, Illinois. Construction is now underway on the 465,360-square-foot Class A campus, which will deliver in Q3 2024.

Located at the southeast corner of Madeline Road and Alft Lane in Kane County, the new project will total 464,360 square feet in two buildings, the first 320,946 square feet and the second 144,414 square feet. Both buildings will feature pre-cast wall panel construction, clear heights ranging from 32 to 36 feet, 185-foot deep truck courts, 236 trailer spaces combined, ESFR fire suppression systems, and ample parking. The project is designed with flexibility in mind, capable of servicing users ranging from 25,000 to 465,000 square feet. The new development is located one mile south of a full four-way interchange at I-90 and Randall Road, offering proximity to a population of 3.8 million within a 30-mile radius.

"Seefried is extremely proud of this latest development in Chicago," said David Riefe, Senior Vice President of Seefried's Midwest region. "This development underscores Seefried's leadership and expertise in navigating more challenging market conditions to drive profitable investment opportunities. We look forward to the successful completion of this development, and we are actively pursuing additional development opportunities throughout the Midwest."

Harris Architects is serving as the architect of record, FCL Builders is acting as the general contractor, and Spaceco is the civil engineer.

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