Caterpillar purchases entire block next to World Headquarters

By WEEK Reporter

June 4, 2013 Updated Jun 5, 2013 at 2:51 PM CDT

PEORIA, IL. -- Caterpillar now owns a full city block in downtown Peoria next to its current world headquarters, as the company makes plans to build a new corporate campus.

The purchase of the "Peoria Professional Building" in the two-hundred block of Main Street --according to the company--gives Caterpillar "greater flexibility in having ample and available workspace to accommodate our employees as needed in the future."

Caterpillar also owns the Chase Building and the rest of the block  

A new facility on this block would allow for new construction while the current Headquarters is still occupied.