Business Facilities -November 2008

COVER STORY By Jack Rogers Prime Location: Kodak Develops a MEGASITE in Upstate New York Eastman Business Park offers existing facilities, onsite power and water supplies, and 300 acres of undeveloped property for sale or lease. I n the 1880s, George Eastman left nothing to chance when he built his first plant in Rochester, NY for what eventually became the film giant Eastman Kodak. Eastman installed his own power plant, railroad line, water supply and water treatment facilities—even his own fire department—at the Kodak Park site that, at its peak, covered 2,000 acres a few miles south of Lake Ontario. After a bad batch of gelatin nearly ruined the company, Eastman’s embrace of vertical integration at Kodak became all-encompassing: almost all of the components for film production were produced at the Rochester complex. Nearly 130 years later, the film empire that bears the Kodak brand is being transformed by digital technology. Kodak’s footprint at its primary U.S. manufacturing headquarters is NOVEMBER 2008 shrinking; from 2003 to 2007, the film production facilities at Kodak Park were reduced from 25 million square feet to 10 million square feet. “It’s no secret that the film business is declining,” says David P. Stoklosa, director of Eastman Kodak’s Rochester Facilities. “Kodak has become a digitally oriented company that derives more than 70% of its revenues from digital businesses.” EASTMAN BUSINESS PARK EMERGES But the infrastructure that Eastman and his successors at Kodak put in place in Rochester still is functioning, and today it is the engine for the transformation of the site into one of the prime industrial/commercial locations in the eastern United States. The diversified 800-acre complex, now called Eastman Business Park, straddles the City of Rochester and a neighboring town, Greece, NY. During the four-year period ending in 2007, Kodak spent $230 million to prepare the site for redevelopment by removing obsolete buildings and streamlining its corporate footprint. More than 30 major business enterprises have set up shop at Eastman Business Park, and Kodak is aggressively luring new tenants. The growing list of tenants features an impressive array of industry leaders, including Johnson & Johnson, SKC Haas, Johnson Controls, and ITT. Kodak currently has three million square feet of existing facility space available at the site and more than 300 acres of property that can be developed for commercial or industrial use. The imaging giant has engaged CBRE Consulting to create a marketing strategy and business plan which aims to secure the sustainability of Eastman Business Park 10 PHOTO CREDIT: BERGMANN ASSOCIATES

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Business Facilities -November 2008 Contents First Word Sanpshots Corporate Moves: Utah Kodak Develops a Megasite in Upstate New York Anatomy of a Deal: Studley Finds a New Space for Myspace Metro Spotlight: Johnson City, TN A Renaissance of Growth in Medical Plastics The Lone Star State Flexes Its Muscles Asia: A Portrait of Growth Sky's the Limit for High-tech in Arizona Corporate Moves: Pennsylvania Ohio Leads the Way Alabama's Tide Rolls to the Future IEDC 2008 Award Winners Advertiser Index Introducing Navigator Livexchange

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