Altorfer Caterpillar Nears Completion of Three-Site Relocation
The Altorfer Caterpillar Dealership, based in Cedar Rapids, IA, will complete its major three-transaction relocation across Chicagoland this spring, moving its Construction Services and Power Systems divisions from Elmhurst to new locations in Mokena, Addison and East Dundee. JLL SVP Brian Carroll, formerly of Newmark, represented Altorfer in the relocation, assisted by Newmark’s Tom Gath.
The high-profile relocation began shortly after Altorfer’s early-2018 acquisition of Patten Industries, the Caterpillar dealer in northern Illinois and northwest Indiana. The deal expanded Altorfer’s managed Caterpillar service territory to include 33 locations across portions of Iowa, Illinois, Missouri and Indiana.
As part of the acquisition, Altorfer leased Patten Industries’ former Elmhurst location, a 130,000-square-foot, three-building property that later sold to a developer in 2019. This led to a pair of build-to-suits in Mokena and East Dundee and renovations to the Addison facility. The two BTS projects are scheduled for an April completion.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
CRE courses for CE credits
Get CE course credits, centered around all things CRE. View our courses today!