Seefried Industrial Properties Breaks Ground on 520,000-SF Three-Building Industrial Park Near O'Hare

DES PLAINES, Ill. — Seefried Industrial Properties has completed demolition and is advancing construction on a three-building, 520,000-square-foot Class A industrial development in Des Plaines, Illinois, the company announced Sept. 10. The project, designated O'Hare Logistics Centers 17, 18, and 19, represents the firm's 17th, 18th, and 19th industrial developments in the O'Hare submarket.

Project Overview: Three Buildings on 35 Acres

The development is situated on approximately 35 acres at the northeast corner of Algonquin Road and Mount Prospect Road in Des Plaines and transforms three functionally obsolete office buildings into a modern Class A industrial park. The three buildings are sized at 106,000 square feet, 152,000 square feet, and 260,000 square feet, respectively.

The buildings are designed to serve logistics, distribution, and manufacturing users and will feature efficient site circulation, modern loading configurations, trailer parking, and access to expressways, O'Hare cargo gates, and employee amenities in the surrounding area. All three buildings are being developed on a speculative basis, with leasing opportunities available to prospective tenants.

Delivery is targeted for the second quarter of 2027.

Project Team

Premier Design + Build Group is serving as the general contractor. SPACECO is the civil engineer, and Harris Architects is the project architect. CBRE's team of Jason Lev, Jimmy Kowalczyk, and John Suerth is handling leasing and marketing for the property.

Doug Houser of Seefried Industrial Properties commented on the development in the announcement. "We're excited to bring new Class A industrial space to Des Plaines and the O'Hare area. Redeveloping this site into modern Class A industrial facilities reflects our commitment to delivering best-in-class projects in supply-constrained locations. We appreciate the collaboration and shared vision of the City of Des Plaines, our brokerage team, and our capital partner, all of whom helped bring this challenging project to fruition," Houser said.

O'Hare Submarket Context

The O'Hare submarket carries a vacancy rate of approximately 2.9%, well below the broader Chicago metro industrial average. Chicago's overall industrial vacancy stood at roughly 4.5% in the second quarter of 2026, with total availability at 8.5%. Asking rents across the metro have ranged between approximately $9.33 and $10.08 per square foot, with annual rent growth reported at around 4.8%.

The tighter conditions in the O'Hare submarket reflect its strategic position as one of the Chicago region's primary air-cargo and last-mile logistics nodes, with direct access to O'Hare cargo gates and major expressways. The submarket's land constraints have made infill redevelopment — converting older, underutilized office assets into modern industrial product — an increasingly common development approach for operators seeking to add supply in the corridor.

About Seefried Industrial Properties

Founded in 1984, Seefried Industrial Properties is a privately held real estate company specializing in the development, leasing, and management of industrial properties across the United States. The company focuses primarily on development in core industrial markets and build-to-suit projects. Seefried currently leases and manages approximately 25 million square feet on behalf of institutional and European clients and has developed more than 220 million square feet of industrial space representing over $23 billion in total development cost. The firm is headquartered in Atlanta and maintains regional offices in Dallas, Chicago, Los Angeles, and Phoenix.