{"id":1004673556,"date":"2023-07-26T01:49:18","date_gmt":"2023-07-26T09:49:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004673556"},"modified":"2023-07-26T02:05:33","modified_gmt":"2023-07-26T10:05:33","slug":"seefried-properties-kicks-off-chicago-area-spec-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/seefried-properties-kicks-off-chicago-area-spec-project\/","title":{"rendered":"Seefried Properties Kicks Off Chicago-Area Spec Project"},"content":{"rendered":"<div id=\"attachment_1004673559\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/Madeline-Road-e1690363730129.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004673559\" data-attachment-id=\"1004673559\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/seefried-properties-kicks-off-chicago-area-spec-project\/seefried-industrial-properties-elgin-illinois\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/Madeline-Road-e1690363730129.jpg\" data-orig-size=\"1200,901\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Seefried Industrial Properties&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Elgin, Illinois&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;Seefried Industrial Properties Elgin Illinois&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Madeline Road\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Madeline Road. Rendering courtesy of Seefried Properties&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/Madeline-Road-e1690363730129.jpg?w=1024\" class=\"wp-image-1004673559 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/Madeline-Road-e1690363730129.jpg?w=300\" alt=\"Madeline Road\" width=\"300\" height=\"225\"><\/a><p id=\"caption-attachment-1004673559\" class=\"wp-caption-text\">Rendering of the Elgin, Ill., project. <em>Image courtesy of Seefried Properties and Harris Architects<\/em><\/p><\/div>\n<p><strong>Seefried Properties <\/strong>has broken ground on a 465,360-square-foot speculative industrial project in Elgin, Ill., in the Chicago area. The architect of record is <strong>Harris Architects<\/strong>, with <strong>FCL Builders <\/strong>acting as general contractor and <strong>Spaceco <\/strong>providing civil engineering services.<\/p>\n<p>Plans call for two separate buildings spanning 320,946 and 144,414 square feet, respectively. Both are slated to feature clear heights between 32 and 36 feet, 185-foot deep truck courts, 236 trailer spaces, as well as ESFR sprinkler systems. The facilities will be able to accommodate tenants needing between 25,000 and 465,000 square feet. Completion of the Class A campus is expected in the third quarter of next year.<\/p>\n<hr>\n<p><strong>READ ALSO: <\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/construction-forecasters-see-record-growth-in-2023\/\">Construction Spending Booms Across the Board<\/a><\/p>\n<hr>\n<p>Located at the intersection of Madeline Road and Alft Lane, the development site is near Interstate 90 and roughly 42 miles from Chicago, as well as 33 miles north of Naperville, Ill.<\/p>\n<p><strong>Cushman &amp; Wakefield<\/strong>&nbsp;Executive Vice Chair Jason West along with Executive Director Doug Pilcher are marketing the project for sale or lease.<\/p>\n<p>As of May, there were 618.9 million square feet of industrial space under construction nationally representing 3.4 percent of total stock, a recent <a href=\"https:\/\/www.commercialsearch.com\/news\/nearshoring-is-boosting-supply-chain-resilience\/\">CommercialEdge report<\/a> shows. In the Midwest, Chicago\u2019s supply pipeline is leading in terms of square footage with 23.3 million square feet under development, according to the same source. Recently, Logistics Property Co. <a href=\"https:\/\/www.commercialsearch.com\/news\/logistics-property-co-starts-665-ksf-chicago-project\/\">broke ground on a 665,000-square-foot project<\/a> in the metro area.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The two-building industrial development is coming online next year.<\/p>\n","protected":false},"author":3120,"featured_media":1004673559,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21782,21748,13,21742],"tags":[32799,52045,37904,39726,51786],"class_list":["post-1004673556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-development","category-industrial","category-midwest","category-latest","tag-cushman-wakefield","tag-fcl-builders","tag-harris-architects","tag-seefried-industrial-properties","tag-spaceco"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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