Development

Case Studies

3M Company

2600 Wirsing Parkway, DeKalb, IL

Property Details

TRANSACTION TYPE:
Build-To-Suit
DATE COMPLETED:
2006
PROPERTY SIZE:
202,340 SF

The Venture One development team prides itself in being able to meet the needs of our customers by delivering the high quality buildings, on time and on budget. Nothing speaks more to customer satisfaction than repeat business. Between 2005 and 2016 our team delivered five buildings for 3M. These buildings total over 2.5 million square feet.

In 2005, Venture One acquired a vacant 1950’s construction crane building on 55 acres which had once been owned by Caterpillar to build tractors. Caterpillar had spent significant capital to construct 43 exterior docks and the building had good ceiling heights of between 24’ and 55’ clear. However it also had the following issues for distribution:

  • Column spacing every 20’
  • Uneven floor from 50 years of manufacturing use
  • No ESFR capability
  • Over 30 cranes ranging from one to thirty tons in five crane bays

One year later, Venture One developed a 202,340 square foot building for 3M on the excess land and negotiated incentives on their behalf to reduce their occupancy costs. The building was completed in four months.