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Black & Veatch Buys Its 600,000-SF Kansas HQ Building for $60M
(OVERLAND PARK, KS) -- Black & Veatch, the global engineering, consulting and construction company, doesn't do things in a hurry.
After 33 years as the first and sole tenant in the largest office building in Kansas, B&V announced today it has closed on the $60 million purchase of 11401 Lamar Ave. in Overland Park, a Kansas City suburb.
The company plans to develop another 250,000-square-foot addition, when needed, bringing the total size of the complex at that time to 850,000 square feet.
The Mission Bank in Johnson County, Kansas, provided part of the acquisition financing. The building currently houses more than 2,300 of the company's 3,800 workforce in the Kansas City metro region.
With a potential total of 850,000 square-feet of office space on the campus, the world headquarters site could ultimately accommodate a total workforce of more than 3,400, says Len C. Rodman, chairman, president and CEO of Black & Veatch.
"The combined support of the state of Kansas and the city of Overland Park were instrumental in reaching this milestone," says Rodman.
"With the completion of this purchase, we can now begin to implement at our world headquarters the same types of innovative and sustainable solutions we provide every day for our clients."
"Black & Veatch's decision to expand in Kansas is a testament to our state's strong business climate," says Kansas Gov. Mark Parkinson. "Kansas is known for its safe communities, great schools and highly educated workforce."
The new world headquarters will include a solar courtyard, solar canopy, bio garden and an innovation pavilion. There will also be extensive workspace, common area and facility upgrades, as well as energy management upgrades; enhancements in external landscaping; rainwater reuse systems and storm water run-off management.
When completed, Black & Veatch's world headquarters will be LEED certified.
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