Franklin Park Industrial Site Sells For Planned Project

A four-acre Franklin Park parcel in the O’Hare submarket sold for $4.5 million, with an 81,687-square-foot industrial development planned for 2027.

Real Estate · September 22, 2026

A four-acre site in Franklin Park has changed hands for a planned industrial project, adding another infill development to the Chicago-area logistics corridor near O’Hare.

According to Connect CRE, Seefried Industrial Properties purchased the parcel at 11330 W. Melrose Avenue from O’Brien Investment Group for $4.5 million. The planned ground-up development totals 81,687 square feet of industrial space, with delivery anticipated in the second quarter of 2027.

What Was Announced

The transaction involves a Franklin Park site within the O’Hare submarket, an established industrial area serving the broader Chicago metro region. Connect CRE reported that Jeff Provenza, a principal with Lee & Associates Illinois, represented the buyer and is expected to handle leasing for the future building.

Location: 11330 W. Melrose Avenue, Franklin Park, Illinois
Parcel size: Four acres
Sale price: $4.5 million
Buyer: Seefried Industrial Properties
Seller: O’Brien Investment Group
Planned building: 81,687 square feet of industrial space
Expected delivery: Second quarter of 2027

Why It Matters For The Northwest Suburbs

Franklin Park is part of the O’Hare industrial market, which is closely watched because of its access to major transportation routes and the broader Chicago-area distribution network. While the site is not in Schaumburg, industrial activity in the O’Hare corridor can be relevant to nearby suburbs because businesses often evaluate multiple northwest suburban locations when looking for warehouse, logistics, or light industrial space.

Infill sites, especially those near major highways and established freight corridors, can be attractive because they are already positioned within developed markets. For developers and tenants, that may mean access to existing infrastructure and a regional labor pool. For surrounding communities, new industrial buildings can raise familiar planning questions about truck access, leasing demand, traffic patterns, and how modern industrial space fits into older commercial districts.

What The Evidence Shows

The central details come from Connect CRE’s report on the sale. The same outlet has also covered other industrial transactions involving Lee & Associates in Illinois and the broader Midwest, providing context that the Franklin Park sale fits within ongoing brokerage and development activity in the region.

However, the available brief does not independently verify every detail through county records, municipal filings, or a separate announcement from the buyer. Readers following the project should treat the 2027 delivery timing as a current expectation rather than a guaranteed completion date.

What Remains Uncertain

Several practical factors could shape the project before delivery. Construction schedules can shift, permitting can affect timing, and market conditions may influence leasing activity. The report identifies the planned size and expected delivery window, but it does not provide details about future tenants, employment levels, final building design, or municipal approvals.

For Schaumburg and other northwest suburban readers, the main takeaway is that another modern industrial project is being planned in the O’Hare submarket, a corridor that remains important to the region’s commercial real estate landscape.

General note: This article is for general educational purposes only, is not medical advice, and readers should talk with their doctor or another qualified provider about their own health. In an emergency, call 911.

This article is an original summary based on information published by Connect CRE and REBusinessOnline.

Sources

Schaumburg Marketplace

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