Caterpillar will relocate its headquarters from Deerfield, Illinois, to Dallas-Fort Worth in 2022, expanding its operations in the region.
The publicly traded company, whose brands include Cat and Hindustan, confirmed its Williams Square office expansion plans on Wednesday. The company has space in the west wing of the complex at 5205 N. O’Connor Boulevard in Irving, near the John W. Carpenter Freeway.
Dubbed “Project Mustang,” the document filed with the Texas Department of Licensing and Regulation said architecture and design firm Kogan will renovate the interior of the building’s sixth and seventh floors, as well as renovate some other floors. The roughly 50,000-square-foot project is expected to cost $10 million to build.
Construction on the Las Colinas space is set to begin this week, with delivery slated for May 2025, according to the filing.
The four-building, 1.4 million-square-foot complex that makes up Williams Square is owned by a partnership between Apollo Global, Vanderbilt Office Properties and Hillwood Urban.
Caterpillar, which has had a presence in Texas since the 1960s, had 120 employees in Irving when the Fortune 500 company’s headquarters relocation was first announced in 2022.
A company spokesman said at the time that the company’s 230 employees in the Illinois office would eventually move to Irving, and noted that the number of employees in Irving would be determined by future business needs.
The company first moved into Williams Square when it consolidated its power division there, moving operations and hundreds of jobs from Arizona, California and Indiana to Texas. It demolished several floors at the time.
The move to Las Colinas makes the company the 24th Fortune 500 company headquartered in D-FW.
Caterpillar’s portfolio companies manufacture machinery products such as bulldozers, backhoe loaders, pipe layers, and excavators.
The company is scheduled to announce its first-quarter results on April 25.
