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Clayco Inc. and Venture One Real Estate, LLC Break Ground on 3M Regional Distribution Center

August 13, 2010

August 13, 2010 CHICAGO - Designer-builder Clayco Inc. and developer Venture One Real Estate, LLC broke ground on a new 650,000-square-foot build-to-suit regional distribution center for 3M in Park 88 Industrial Park, DeKalb, Ill.

“3M’s new facility represents the fourth expansion of 3M’s operations in DeKalb during the past six years, bringing their total occupancy to almost 1.6 million square feet,” said Mark B. Goode, principal of Venture One Real Estate, LLC. “Venture One has partnered with 3M on all four expansions, which can be attributed to the quality of the DeKalb community leaders in working with the 3M team and the city’s appeal as a corporate logistics location of choice.”

The DeKalb facility will have convenient access to air transportation for people and cargo. O’Hare International Airport is 60 miles northeast; General Mitchell Airport in Milwaukee is 132 miles northeast; the Rockford UPS air hub is 40 miles to the north at Chicago/Rockford International Airport; and DeKalb Taylor Municipal Airport is only two miles to the south.

“We are delighted to again work with 3M, a company that is always seeking ways to better serve its distributors and customers,” said Kevin McKenna, Clayco Senior Vice President and Partner. “The new distribution facility will bring together the best resources available to enhance 3M’s operations.”

Jim Bohling, Distribution Center Manager for 3M DeKalb commented, “3M celebrated 25 years in the DeKalb area this summer. We are pleased to have the opportunity to expand operations again and continue this long-standing presence in a great community. The new facility will provide additional capacity for continued 3M sales growth and will allow us to service our customers and clients even better.”

The project is located on a 49-acre site in DeKalb’s Park 88 Commercial Logistics Park, and will feature 23,000 square feet of office space. The facility is designed to house two dock offices totaling more than 1,500 square feet, as well as a mezzanine area. The site will also include 70 loading dock positions and 400 trailer parking spaces for increased efficiencies in distribution processes. Construction is expected to be complete in April 2011. Park 88 is also home to the $100 million, 1.5 million-square-foot Chicago Distribution Center for upscale retail giant Minneapolis, MN-based Target Corporation (NYSE: TGT), which occupied in 2006.

Clayco’s 3M project team includes Kevin McKenna and project managers Chad Derus and Steve Miller. Also part of the project team, Heitman Architects Inc. of Itasca, Ill, is serving as the architect and interior designer; Jacob & Hefner Associates of Oakbrook Terrace, Ill, is acting as the civil engineer; and Alta Engineering, Ltd. of Elk Grove Village, Ill, is the structural engineer.

Park 88 was represented in the 3M transaction by the Parks exclusive brokerage team including Mark B. Goode, principal of Venture One Real Estate, LLC and Steve Milner, principal of DeKalb based Milner & Associates, Inc. 3M was represented in the transaction by Brian Fogelberg, first vice president, J.D., Global Corporate Services, CB Richard Ellis, Minneapolis, MN, Michael J. Svoboda, senior vice president and David Prioletti, senior associate, both with CB Richard Ellis, Oak Brook, Ill.

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