ROSEMONT, IL – November 15, 2018 – Venture One Real Estate (“Venture One”) has completed a 100,000 square foot expansion to an existing Danfoss distribution facility in Venture One’s Loves Park Corporate Center in Loves Park, IL. Venture One developed Danfoss’s existing 100,000 square foot warehouse in 2011. The combined 200,000 square foot logistics facility is adjacent to Danfoss’s 250,000 square foot office and production building – home to Danfoss’ VLT® Drives division.
“We are very pleased to once again work with Danfoss and the City of Loves Park to complete the building expansion in just six months,” said Mark B. Goode, principal of Venture One Real Estate.
The fully air-conditioned building features 28’ clear height, an ESFR sprinkler system, 50 car parking, 6 exterior docks and one drive-in door. The project team included Meridian Design Build as the general contractor, Partners in Design 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 expanded distribution facility brings their total space in Loves Park to 450,000 square feet.
Loves Park Corporate Center is a 60-acre development that is home to the Pepsi distribution building and Danfoss. There are 38.9 acres of remaining land which fronts I-90/I-39 approximately ½ mile north of the four-way interchange at Riverside Boulevard.
About Venture One Real Estate
Venture One Real Estate is a real estate private equity fund manager, developer and operating company specializing in the industrial property sector. Headquartered in Chicago, Venture One manages a series of discretionary value-add investment funds that target opportunities throughout the Midwest. Venture One owns over 5.3 million square feet and controls over 1,100 acres of land in corporate business parks in the greater Chicagoland area. Principals of Venture One have over $6 billion of transactional experience. For further information go to www.VentureOneRE.com.