Publicly traded industrial company Caterpillar is expanding its footprint in Irving.
Caterpillar announced Friday that the firm purchased an office building at 901 W. Walnut Hill Lane. The site is roughly three miles from its current headquarters in Williams Square.
The additional building will provide more workspace and a place to host dealers, customers and visitors, the firm said in a news release.
Details of the transaction were not disclosed. Caterpillar representatives did not immediately respond to questions before publication.
D-FW Real Estate News
Dallas Central Appraisal District records show the roughly 15-acre property was home to VariSpace Las Colinas LLC, an office campus. The property was once the headquarters for jewelry retailer Zales.
Coppell-based office furniture and equipment firm Varidesk purchased the former Zales property in 2019.
The property is valued at $51.5 million for tax purposes. Such valuations often trail market values.
Built in 1982, the three-building former Zales complex in Las Colinas contains more than 400,000 square feet of office space. The property also includes a four-level parking garage.
At one time, the office building housed almost 3,000 workers, according to previous Dallas Morning News reporting.
Caterpillar moved its global headquarters from Deerfield, Ill., to Dallas-Fort Worth in 2022.
The Fortune 500 company has over 800 employees at Williams Square and roughly 6,600 statewide. The firm has had a presence in Texas since the 1960s.
Caterpillar reported $64.8 billion in sales and revenue in 2024. It is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.