{"id":1004173860,"date":"2017-04-24T04:09:50","date_gmt":"2017-04-24T12:09:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004173860"},"modified":"2022-12-08T08:02:23","modified_gmt":"2022-12-08T16:02:23","slug":"caterpillar-unveils-new-hq-location","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/caterpillar-unveils-new-hq-location\/","title":{"rendered":"Caterpillar Unveils New HQ Location"},"content":{"rendered":"

By Keith Loria, Contributing Editor<\/em><\/p>\n

\"Caterpillar<\/a>

Caterpillar Inc. New HQ<\/p><\/div>\n

Caterpillar Inc. will be moving its new global headquarters from Peoria to Deerfield, Ill., agreeing to lease a space with\u00a0Corporate 500 office park in the northern Chicago suburb.<\/p>\n

\u201cCaterpillar\u2019s Board of Directors has been discussing the benefits of a more accessible, strategic location for some time,\u201d<\/em> Jim Umpleby, Caterpillar\u2019 CEO, told Commercial Property Executive. \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<\/em><\/p>\n

Earlier this year, Caterpillar announced its plans to relocate<\/a> a group of senior executives and support functions in order to improve access to Caterpillar\u2019s worldwide operations, scrapping plans of a Peoria-based headquarters complex in the process. The company expects about 100 employees to relocate to its new building this year, with approximately 300 people working in the new headquarters when fully operational in mid-2018.<\/p>\n

The new building is just minutes away from Chicago\u2019s O\u2019Hare International Airport, and is centrally located near major interstates and offers direct access to the Chicago Metra.<\/p>\n

\u201cFollowing a thorough site selection process, we chose this location because it is approximately a 20-minute drive to O\u2019Hare airport and convenient to the city of Chicago via commuter train, achieving our goal to be more accessible to our global customers, dealers and employees,\u201d<\/em> Umpleby said in a company release. \u201cThis site gives our employees many options to live in either an urban or suburban environment. We know we have to compete for the best talent to grow our company, and this location will appeal to our diverse, global team, today and in the future.\u201d<\/em><\/p>\n

With sales and revenues of $38.5 billion last year, Caterpillar is the world\u2019s leading manufacturer of construction and mining equipment, diesel and naturalgas engines, industrial gas turbines and diesel-electric locomotives.<\/p>\n","protected":false},"excerpt":{"rendered":"

Establishing the headquarters closer to a global transportation hub means the firm can meet with international customers, dealers and employees more easily and frequently.<\/p>\n","protected":false},"author":451,"featured_media":1004173875,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21781,21808,21748,13,21742],"tags":[33807],"class_list":["post-1004173860","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-corporate-real-estate","category-featured","category-industrial","category-midwest","category-latest","tag-caterpillar"],"acf":[],"yoast_head":"\nCaterpillar Unveils New HQ Location - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/caterpillar-unveils-new-hq-location\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Caterpillar Unveils New HQ Location\" \/>\n<meta property=\"og:description\" content=\"Establishing the headquarters closer to a global transportation hub means the firm can meet with international customers, dealers and employees more easily and frequently.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/caterpillar-unveils-new-hq-location\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-04-24T12:09:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T16:02:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/100.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/caterpillar-unveils-new-hq-location\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/caterpillar-unveils-new-hq-location\/\",\"name\":\"Caterpillar Unveils New HQ Location - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/caterpillar-unveils-new-hq-location\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/caterpillar-unveils-new-hq-location\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/100.jpg\",\"datePublished\":\"2017-04-24T12:09:50+00:00\",\"dateModified\":\"2022-12-08T16:02:23+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/aaa29b723dad85f2444ae3cb0c4d735f\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/caterpillar-unveils-new-hq-location\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/caterpillar-unveils-new-hq-location\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/caterpillar-unveils-new-hq-location\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/100.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/100.jpg\",\"width\":800,\"height\":600,\"caption\":\"Caterpillar Inc. 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