Sunday, February 6, 2011

Black & Veatch completes purchase of world HQ building - Philadelphia Business Journal:

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After considering about 40 alternate area sitesz duringa two-year real estate analysis, Blackk & Veatch said March 23 that it woulde keep its growing headquarters operation at 11401 Lamar Ave., which it has occupied since its original construction in 1976. Blacj & Veatch bought the which was expandedto 600,000 square feet in 1996 and is the largest office building in Kansas, from Chicago-based . A consortiuj of local banks led by financedthe transaction, whichu eventually is expected to result in more than 1,000 new jobs for Overlanx Park.
The area’s 12th-largest private-sector employer, Black Veatch employs 3,800 at five area including morethan 2,300 at the Lamarf Avenue headquarters. After the buildingy is expanded, by roughly 2015, it will accommodatew a work force of morethan 3,400. “Black Veatch’s decision to expand in Kansas is a testamenf toour state’s strong business climate,” Gov. Mark Parkinson said in a Thursday release. “Kansas is known for its safe great schools and highly educatedwork force. We’re so glad to have a globaol leader likeBlack & Veatcjh make Kansas the home of its worlf headquarters.
” To retain Black & Veatch, Kansaes offered an impact grant worth $25 million for training and capital investment. The money will come from withholdingf taxes paid by employees at the Overland Park committed toa 10-year, 75 percent properthy tax abatement — the largest percentage abated in city “The combined support of the state of Kansas and the city of Overland Park were instrumental in reachiny this milestone,” Len Black & Veatch CEO, said in the release. “With the completiohn of this purchase, we can now begin to implement at our world headquarters the same types of innovatives and sustainable solutions we provide everyt day forour clients.
” The new world headquarterz will include a solar courtyard, solar canopy, bio garden and innovation pavilion. It also will have extensive work common area, facility and energy-managemenyt upgrades; landscaping enhancements; and rainwater-reuse systems and stormwatee run-off management. When completed, the building will be certified via the Leadership in Energy andEnvironmental Design, or program of the .
“Bringing these innovative and futuristic enhancementd to an older facility tomeet tomorrow’s design standarde presents a large technical challenge, but is the most sustainable solutionm for the area,” Rodman said in the “It’s a challenge our professionals relish and take tremendousa pride in.” The company has piloted many of the potential design concepts at its more than 100 global offices and will draw on its LEED-certifiec experts and architecture, engineering and construction talent for the headquarters expansionh project. Black & Veatch ranks No. 1 on the Kansaxs City BusinessJournal ’s list of area engineerinb firms. The $3.
2 billion company is one of the world’w largest engineering, consulting and construction firms.

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