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Caterpillar Bucks Trend, Selects Suburbs for HQ Location Over Downtown Chicago

Company Passes Over West Loop and Other Hot Downtown Markets for Deerfield
CoStar News
April 20, 2017 | 9:17 P.M.

Heavy equipment manufacturer Caterpillar Inc. (NYSE: CAT) announced Wednesday it will relocate to Chicago's suburbs, opting to move its global headquarters to the northern Chicago suburb of Deerfield over several downtown options after more than 90 years being based in the heart of the state in Peoria, IL.

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