June 25, 2020
Seefried Industrial Properties has acquired an assemblage of six residential parcels totaling 8.82 acres in Elk Grove Village, IL, for an undisclosed price. Colliers International Chicago’s Jonathan Kohn and Ron Behm negotiated the land assemblage on behalf of Seefried, which plans to break ground immediately on a two-building, 163,000-square-foot speculative development.
“After successfully developing, leasing and selling a 215,000-square-foot spec facility prior to its completion in Pleasant Prairie, WI, Seefried is pleased to be partnering with the same team on our newest development,” said Seefried SVP David Riefe. “While real estate markets have changed dramatically over the past three months, this project will cater to emerging trends such as last mile distribution.”
Located in the Centex Industrial Park, the new warehouse/distribution center is expected to be delivered in the first quarter of 2021. Kohn and Behm have been retained to lease the property.
For comments, questions or concerns, please contact Paul Bubny