US-based real estate company Seefried Properties has started construction on two speculative buildings in Elgin, Illinois, US.

The 465,360ft² Class A campus' works are expected to be finished by the third quarter of next year.

The new project will be located on the south-east corner of Madeline Road and Alft Lane in Kane County and will feature two buildings measuring 320,946ft² and 144,414ft², respectively.

The two buildings will include precast wall panel construction, clear heights ranging from 32ft to 36ft, a total of 236 trailer spots, early suppression fast response fire suppression systems, as well as a dedicated parking area. 

The project is said to be adaptable and can accommodate users' facilities ranging from 25,000ft² to 465,000ft² in size.

Illinois-based real estate company Cushman & Wakefield is marketing the project for either sale or lease.

Seefried's senior vice-president for the Midwest David Riefe said: “Seefried is extremely proud of this latest development in Chicago.

“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 development's architect of record, FCL Builders as its general contractor, and Spaceco as its civil engineer.