{"id":1004748085,"date":"2025-02-24T05:01:52","date_gmt":"2025-02-24T13:01:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004748085"},"modified":"2025-02-24T05:01:54","modified_gmt":"2025-02-24T13:01:54","slug":"seefried-jv-signs-152-ksf-chicago-tenant","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/seefried-jv-signs-152-ksf-chicago-tenant\/","title":{"rendered":"Seefried JV Signs 152 KSF Chicago Tenant"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/1700-Madeline-Lane2-e1740137087664.png\"><img loading=\"lazy\" decoding=\"async\" width=\"535\" height=\"401\" data-attachment-id=\"1004748086\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/seefried-jv-signs-152-ksf-chicago-tenant\/1700-madeline-lane2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/1700-Madeline-Lane2-e1740137087664.png\" data-orig-size=\"535,401\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&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;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"1700 Madeline Lane(2)\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;1700 Madeline Lane. Image courtesy of Seefried Industrial Properties&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/1700-Madeline-Lane2-e1740137087664.png?w=535\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/1700-Madeline-Lane2-e1740137087664.png\" alt=\"Exterior shot of 1700 Madeline Lane, an industrial property in Elgin, Ill.\" class=\"wp-image-1004748086\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/1700-Madeline-Lane2-e1740137087664.png 535w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/1700-Madeline-Lane2-e1740137087664.png?resize=300,225 300w\" sizes=\"auto, (max-width: 535px) 100vw, 535px\" \/><\/a><figcaption class=\"wp-element-caption\">The facility at 1700 Madeline Lane features an office component and 22 exterior docks. <em>Image courtesy of Seefried Industrial Properties<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Seefried Industrial Properties and a U.S.-based family office have signed a 152,014-square-foot long-term lease at their 1700 Madeline Lane facility in Elgin, Ill., with David C. Cook, a 150-year-old Christian organization. The nonprofit will use the space as its main distribution center.<\/p>\n\n\n\n<p>CBRE brokered the deal on behalf of the tenant, while the landlord was represented by Cushman &amp; Wakefield. <\/p>\n\n\n\n<p>The recently built Class A speculative industrial property is within Chicago\u2019s Interstate 90 Golden Corridor submarket, and features 32-foot clear heights, ESFR sprinkler systems, a 2,980-square-foot office space, a drive-in door and 22 exterior docks. Additionally, it includes 138 vehicle parking spots and 35 trailer parking spaces. David C. Cook will be the anchor tenant at 1700 Madeline Lane, with another 168,932 square feet still available for lease. <\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ<\/strong> <strong>ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/top-markets-for-industrial-deliveries\/\" target=\"_blank\" rel=\"noreferrer noopener\">Top 10 Markets for Industrial Deliveries<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The asset was developed by Seefired Industrial properties as a two-building industrial campus totaling 465,360 square feet. Earlier this month, the developer sold the second building, a 144,414-square-foot facility at <a href=\"https:\/\/www.commercialsearch.com\/news\/seefried-sells-144-ksf-chicago-area-facility\/\">1705 Madeline Lane<\/a>, to an Atlanta-based plastic molded parts manufacturer.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-chicago-ends-2024-with-high-vacancy\">Chicago ends 2024 with high vacancy<\/h2>\n\n\n\n<p>At the end of last year, Chicago&#8217;s vacancy rate was 9.7 percent, marking a 570 basis-point year-over-year increase, a recent <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-report-january-2025-commercialedge\/\" target=\"_blank\" rel=\"noreferrer noopener\">CommercialEdge industrial report <\/a>shows, mainly due to the excess supply added between 2021 and 2022. The national vacancy rate stood at an average of 8 percent. <\/p>\n\n\n\n<p>Meanwhile, Chicago\u2019s pipeline decreased by 5.6 million square feet year-over-year to 7.6 million at the end of 2024. The pipeline represented 0.7 percent of total stock, below the 1.7 percent national average and other peer markets such as Phoenix (5.3 percent), Kansas City (3.9 percent) and Dallas (1.9 percent).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A nonprofit became the anchor tenant at the 320,946-square-foot recently completed warehouse, part of a two-building campus.  <\/p>\n","protected":false},"author":2991,"featured_media":1004748086,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1491,21748,13,21742],"tags":[32789,34908,39726],"class_list":["post-1004748085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-chicago","category-industrial","category-midwest","category-latest","tag-cbre","tag-cushman-wakefeld","tag-seefried-industrial-properties"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Seefried JV Signs 152 KSF Chicago Tenant - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Seefried Industrial Properties has signed a 152,014-square-foot lease with a nonprofit at its Class A industrial facility in Elgin, Ill.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/seefried-jv-signs-152-ksf-chicago-tenant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Seefried JV Signs 152 KSF Chicago Tenant\" \/>\n<meta property=\"og:description\" content=\"Seefried Industrial Properties has signed a 152,014-square-foot lease with a nonprofit at its Class A industrial facility in Elgin, Ill.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/seefried-jv-signs-152-ksf-chicago-tenant\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-24T13:01:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-24T13:01:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/1700-Madeline-Lane2-e1740137087664.png\" \/>\n\t<meta property=\"og:image:width\" content=\"535\" \/>\n\t<meta property=\"og:image:height\" content=\"401\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/seefried-jv-signs-152-ksf-chicago-tenant\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/seefried-jv-signs-152-ksf-chicago-tenant\/\",\"name\":\"Seefried JV Signs 152 KSF Chicago Tenant - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/seefried-jv-signs-152-ksf-chicago-tenant\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/seefried-jv-signs-152-ksf-chicago-tenant\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/1700-Madeline-Lane2-e1740137087664.png\",\"datePublished\":\"2025-02-24T13:01:52+00:00\",\"dateModified\":\"2025-02-24T13:01:54+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\"},\"description\":\"Seefried Industrial Properties has signed a 152,014-square-foot lease with a nonprofit at its Class A industrial facility in Elgin, Ill.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/seefried-jv-signs-152-ksf-chicago-tenant\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/seefried-jv-signs-152-ksf-chicago-tenant\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/seefried-jv-signs-152-ksf-chicago-tenant\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/1700-Madeline-Lane2-e1740137087664.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/1700-Madeline-Lane2-e1740137087664.png\",\"width\":535,\"height\":401,\"caption\":\"1700 Madeline Lane. Image courtesy of Seefried Industrial Properties\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/seefried-jv-signs-152-ksf-chicago-tenant\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Seefried JV Signs 152 KSF Chicago Tenant\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\",\"name\":\"Simona Tudose\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79\",\"caption\":\"Simona Tudose\"},\"description\":\"Simona Tudose is an Associate Editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in July 2022 and writes news about industrial, office and manufactured housing sectors. You can reach out to her at simona.tudose@cpe-mhn.com.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/simona-tudose\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Seefried JV Signs 152 KSF Chicago Tenant - Commercial Property Executive","description":"Seefried Industrial Properties has signed a 152,014-square-foot lease with a nonprofit at its Class A industrial facility in Elgin, Ill.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/seefried-jv-signs-152-ksf-chicago-tenant\/","og_locale":"en_US","og_type":"article","og_title":"Seefried JV Signs 152 KSF Chicago Tenant","og_description":"Seefried Industrial Properties has signed a 152,014-square-foot lease with a nonprofit at its Class A industrial facility in Elgin, Ill.","og_url":"https:\/\/www.commercialsearch.com\/news\/seefried-jv-signs-152-ksf-chicago-tenant\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2025-02-24T13:01:52+00:00","article_modified_time":"2025-02-24T13:01:54+00:00","og_image":[{"width":535,"height":401,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/1700-Madeline-Lane2-e1740137087664.png","type":"image\/png"}],"author":"Simona Tudose","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/seefried-jv-signs-152-ksf-chicago-tenant\/","url":"https:\/\/www.commercialsearch.com\/news\/seefried-jv-signs-152-ksf-chicago-tenant\/","name":"Seefried JV Signs 152 KSF Chicago Tenant - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/seefried-jv-signs-152-ksf-chicago-tenant\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/seefried-jv-signs-152-ksf-chicago-tenant\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/1700-Madeline-Lane2-e1740137087664.png","datePublished":"2025-02-24T13:01:52+00:00","dateModified":"2025-02-24T13:01:54+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4"},"description":"Seefried Industrial Properties has signed a 152,014-square-foot lease with a nonprofit at its Class A industrial facility in Elgin, Ill.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/seefried-jv-signs-152-ksf-chicago-tenant\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/seefried-jv-signs-152-ksf-chicago-tenant\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/seefried-jv-signs-152-ksf-chicago-tenant\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/1700-Madeline-Lane2-e1740137087664.png","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/1700-Madeline-Lane2-e1740137087664.png","width":535,"height":401,"caption":"1700 Madeline Lane. Image courtesy of Seefried Industrial Properties"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/seefried-jv-signs-152-ksf-chicago-tenant\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Seefried JV Signs 152 KSF Chicago Tenant"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4","name":"Simona Tudose","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79","caption":"Simona Tudose"},"description":"Simona Tudose is an Associate Editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in July 2022 and writes news about industrial, office and manufactured housing sectors. You can reach out to her at simona.tudose@cpe-mhn.com.","url":"https:\/\/www.commercialsearch.com\/news\/author\/simona-tudose\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/1700-Madeline-Lane2-e1740137087664.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004748085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/2991"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004748085"}],"version-history":[{"count":9,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004748085\/revisions"}],"predecessor-version":[{"id":1004748337,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004748085\/revisions\/1004748337"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004748086"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004748085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004748085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004748085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}