Chicago Bridge & Iron | Engineering Headquarters

Property Description

The Chicago Bridge & Iron Headquarters, also known as the Plainfield Property, is a multi-building, multi-story facility that was originally developed in 1958 as Chicago Bridge & Iron's North American Headquarters. Chicago Bridge & Iron N.V., the parent company of Chicago Bridge & Iron Company, the tenant, is a publicly traded, investment grade rated, global engineering and construction company that was founded in 1889 and is one of the largest service providers of infrastructure projects geared toward the petrochemical and oil industries. As of March 2012, CB&I had more than 18,000 employees, and a market capitalization to $4.6 billion.

Business Essential Attributes

The company has continually occupied the property since 1958, and this facility remains the long term home to a substantial percentage of Chicago Bridge & Iron's project engineers. The property's close proximity to the nation's top rated civil engineering graduate programs provides an ideal location from which to recruit the top engineering talent which is the lifeblood of the company.

Additional Property Information

Property has undergone substantial renovations over the years including the addition of a three-story office building in 1991. Tenant also invested another $8.35 million in September 2009 toward further renovations to the property. Tenant continues to utilize the onsite laboratory and testing facilities as a proving ground for many of its products.

Chicago Bridge & Iron | Engineering Headquarters

Plainfield, Illinois

PROPERTY AT A GLANCE

Property Type: Office
Square Footage: 176,025

Lease Expiration: October 31, 2022
Renewal Option(s):
Four 5-Year Options
Rent Increase(s): July 2016 – 7.1%
Tenant: Chicago Bridge & Iron Company
Website: www.cbi.com
NYSE*: CBI

*Stock ticker symbol is that of Chicago Bridge & Iron, N.V., the guarantor of the lease.