CHICAGO – Venture One Real Estate, LLC has completed the development of a 100,000 square foot distribution facility for Danfoss.Construction commenced on June 28th on a 7.51 acre site within Venture One’s Loves Park Corporate Center, in Loves Park, IL. Danfoss’s new logistics facility is adjacent to their 250,000 square foot office and production building – home to Danfoss’ VLT® Drives division. Fueled by the strong growth of Danfoss’s high-powered, energy-efficient drives, the company relocated its receiving, shipping and warehousing operations into the new facility in order to create additional manufacturing capacity at their current location.
“We are very pleased to have had the opportunity to work with Danfoss. It was a collaborative effort with them and the City of Loves Park to complete the building in just four months,” said Mark B. Goode, principal of Venture One Real Estate, LLC.
The fully air conditioned building features 28’ clear height, an ESFR sprinkler system, 50 car parking, 12 exterior docks and two drive-in doors. The project team included Meridian Design Build as the general contractor, Heitman Architects as the architect and Jacob & Hefner which provided civil engineering.
Danfoss began operations in the Rockford area in 1982 and moved to their current location in Loves Park in 2001 with 125,000 square feet. In 2008, Danfoss doubled their manufacturing in Loves Park after considering proposals in China and Mexico. The new facility brings their total space in Loves Park to 350,000 square feet.
Loves Park Corporate Center is a 60 acre development that is home to the Pepsi distribution building and now Danfoss. There are 41.50 acres of remaining land which fronts I-90/I-39 approximately ½ mile north of the four way interchange at Riverside Boulevard.
Venture One Real Estate, LLC is a Chicago-based national commercial real estate company that acquires, develops, leases, and manages industrial and office properties on its own behalf and on behalf of investment partners. Venture One also provides real estate advisory services to buyers and sellers of investment properties and portfolios on a national basis.