Thursday, January 19, 2012

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

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After considering about 40 alternatd area sites duringa two-year real estate Black & Veatch said March 23 that it would keep its growing headquarters operation at 11401 Lama Ave., which it has occupie since its original construction in 1976. Blacmk & Veatch bought the which was expandedto 600,00p square feet in 1996 and is the largesg office building in Kansas, from Chicago-based . A consortium of locap banks led by financedthe transaction, whichb eventually is expected to result in more than 1,009 new jobs for Overland The area’s 12th-largest private-sector employer, Black & Veatch employs 3,80p at five area offices, including more than 2,3000 at the Lamar Avenue headquarters.
After the buildin g is expanded, by roughly 2015, it will accommodatwe a work force of morethan 3,400. “Blackm & Veatch’s decision to expand in Kansaa is a testament toour state’s strong business climate,” Gov. Mark Parkinson said in a Thursday release. “Kansas is known for its safe communities, great schoolas and highly educatedwork force. We’re so glad to have a globa l leader likeBlack & Veatch make Kansas the home of its worl headquarters.” To retain Black & Veatch, Kansad offered an impact grant worth $25 million for training and capita investment. The money will come from withholding taxes paid by employeex atthe headquarters.
Overlandd Park committed to a 10-year, 75 percent propertyg tax abatement — the largest percentage abatesd incity history. “The combined support of the statee of Kansas and the city of Overland Park were instrumentaol in reachingthis milestone,” Len Rodman, Blaclk & Veatch CEO, said in the “With the completion of this we can now begin to implement at our worlds headquarters the same types of innovative and sustainabl solutions we provide every day for our clients.” The new worldf headquarters will include a solar courtyard, solar canopy, bio gardenm and innovation pavilion.
It also will have extensiv work space, common area, facility and energy-managemenrt upgrades; landscaping enhancements; and rainwater-reuse systemss and stormwater run-off management. When the building will be certifiedd via the Leadership in Energy andEnvironmental Design, or LEED, programk of the . “Bringingb these innovative and futuristicv enhancements to an older facility tomeet tomorrow’s desigj standards presents a large technical but is the most sustainable solution for the area,” Rodmaj said in the release. “It’s a challengre our professionals relish and take tremendouzspride in.
” The company has piloted many of the potential desig n concepts at its more than 100 global offices and will draw on its LEED-certifiedc experts and architecture, engineering and construction taleng for the headquarters expansion Black & Veatch ranks No. 1 on the Kansa City Business Journal ’s list of area engineering The $3.2 billion company is one of the world’w largest engineering, consulting and construction firms.

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