When executives for Milestone AV Technologies saw that the former Eden Prairie headquarters of bankrupt Department 56 was on the market last year, they saw a rare chance to grab a single-user office building in a prestigious location that was just the right size for their growing company.
Leaders for the audio-visual equipment maker also saw a chance to fashion a 25-year-old, 85,000-square-foot building into a showcase of environmental stewardship supported not only by the employees, but by key customers who increasingly demand suppliers adhere to Leadership in Energy Efficiency Design, (LEED) standards.
The makeover of Milestone's new headquarters on City West Parkway paid off this month with its designation as a LEED-CI (commercial interiors) Silver facility, which to CEO Scott Gill is a fulfillment of the company's commitment to corporate responsibility.
The move was "driven by our customers and employees," Gill said. "A lot of our customers in the commercial AV market weigh LEED as part of who they do business with. That was one of the drivers, and also we felt like it was an opportunity to invest for the long-term in the building."
Gill wouldn't specify how much the company paid for the upgrades, which were considerable, but said the payoff on lower utility bills, employee satisfaction and the access they're providing to several important AV equipment markets made it worth the investment.
Milestone says it has 6,000 customers around the world and holds the biggest share in the North American audio-visual solutions market through its Chief, Da-Lite and Sanus brand equipment, which are used to mount flat-screen televisions, displays and projectors to walls.
It also makes audio-visual furniture for the fast-growing commercial and consumer markets.
The company -- owned by the Chicago-based Duchossois Group -- keeps it financial information private, but Gill says it sales are now "well north" of the $204 million it claimed in 2006 when it filed for an initial public offering, which was later withdrawn.