The 4-million-square-foot Caterpillar campus in Montgomery, IL. The 4-million-square-foot Caterpillar campus in Montgomery, IL.

MONTGOMERY, IL—HFZ Capital Group of New York City and the Reich Brothers, which is headquartered in White Plains, NY, have purchased the 4-million-square-foot Caterpillar manufacturing and distribution complex here for $68.5 million.

The deal for the 350-acre campus also features a sale-leaseback component with Deerfield, IL-based Caterpillar Inc. The construction equipment manufacturer plans to keep approximately 500 of the company’s employees on site and will lease back an office building along with a portion of adjacent industrial space.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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