{"id":1004165807,"date":"2017-02-02T04:50:41","date_gmt":"2017-02-02T12:50:41","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004165807"},"modified":"2020-05-18T23:29:44","modified_gmt":"2020-05-19T07:29:44","slug":"caterpillar-uproots-hq-from-peoria","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/caterpillar-uproots-hq-from-peoria\/","title":{"rendered":"Caterpillar Uproots HQ from Peoria"},"content":{"rendered":"<p>By Laura Calugar<\/p>\n<div id=\"attachment_1004165812\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/ct-ct-peoria31-jpg-20150219.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004165812\" data-attachment-id=\"1004165812\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/caterpillar-uproots-hq-from-peoria\/ct-ct-peoria31-jpg-20150219\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/ct-ct-peoria31-jpg-20150219.jpg\" data-orig-size=\"1162,872\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"ct-ct-peoria31-jpg-20150219\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/ct-ct-peoria31-jpg-20150219.jpg?w=1024\" class=\"wp-image-1004165812 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/ct-ct-peoria31-jpg-20150219.jpg\" alt=\"Caterpillar's headquarters in Peoria, Ill. \" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/ct-ct-peoria31-jpg-20150219.jpg 1162w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/ct-ct-peoria31-jpg-20150219.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/ct-ct-peoria31-jpg-20150219.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/ct-ct-peoria31-jpg-20150219.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004165812\" class=\"wp-caption-text\">Caterpillar&#8217;s headquarters in Peoria, Ill.<\/p><\/div>\n<p><strong>Chicago<\/strong>\u2014Caterpillar Inc. announced plans to move its global headquarters to the Chicago area. Plans include relocating a group of senior executives and support functions\u2014some 300 people\u2014in order to improve access to Caterpillar\u2019s worldwide operations. While the machinery giant will not vacate Peoria, Ill., which it has called its headquarters for six decades\u2014with the largest concentration of employees in the world continuing to work there\u2014the previously announced plans to build a new Peoria headquarters complex will not proceed.<\/p>\n<p>\u201cSince 2012, about two-thirds of Caterpillar\u2019s sales and revenues have come from outside the U.S. Locating our headquarters closer to a global transportation hub, such as Chicago, means we can meet with our global customers, dealers and employees more easily and frequently,\u201d Caterpillar\u2019s CEO, Jim Umpleby, said in a prepared statement.<\/p>\n<p>Caterpillar\u2019s headquarters is located at 501 SW Jefferson Ave. in Peoria. According to the <em><a href=\"https:\/\/www.pjstar.com\/news\/20170131\/caterpillar-moving-headquarters-ceo-from-peoria-to-chicago\" rel=\"nofollow\" target=\"_blank\">Journal Star<\/a><\/em>, 12,000 people currently work there.<\/p>\n<p>\u201cAs mayor, I never want jobs moving out of the city. However, the overwhelming majority of Caterpillar employees and their families based in the Peoria area won\u2019t be impacted by this decision. I\u2019m pleased Caterpillar continues to call Peoria its hometown,\u201d Jim Ardis, Peoria\u2019s mayor, said in prepared remarks.<\/p>\n<p>Beginning the end of the year, some senior executives will move into a yet undisclosed location in the Chicago area. CEOs, group presidents, a few vice presidents and some staff from the financial, legal and human resources departments will be relocating to the new headquarters. Caterpillar intends to lease existing office space rather than build a new property.<\/p>\n<p><em>Image courtesy of Abel Uribe via the Chicago Tribune<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company decided to abandon its previous plan to build a headquarters complex and will be leasing office space in the Chicago area instead. <\/p>\n","protected":false},"author":238,"featured_media":1004165812,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1491,13,21742,21747],"tags":[33807],"class_list":["post-1004165807","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-chicago","category-midwest","category-latest","category-office","tag-caterpillar"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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