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Caterpillar’s Move Could be an Anomaly

CHICAGO—Caterpillar’s move, although significant, does not really change the direction of the suburban market

chi-caterpillar4 500 Lake Cook Rd. in Deerfield, where Caterpillar will relocate from Peoria.

CHICAGO—Officials of Peoria, IL-based Caterpillar Inc. made a big splash last week by announcing they would soon relocate to suburban Deerfield. Instead of leasing a new office in the CBD, Caterpillar reached a multi-year leasing agreement with Corporate 500 office park, and expects about 100 employees to relocate this year, with about 300 people in the new headquarters by mid-2018.

The move is a bit against the grain, as so many suburban firms have recently decided to shift their operations downtown. But it is probably a mistake to read too much into the decision, or to believe it’s the start of anything like a trend.

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Brian J. Rogal

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

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