MALVERN, PA–Saint-Gobain has chosen a 65-acre site here to redevelop as a 320,000-square-foot LEED-certified facility to serve as its new North American headquarters.
Binswanger conducted the site search and negotiated for the long-term lease at the property at 20 Moores Rd., with Clive G. Mendelow directing the effort.
The site also will house Saint-Gobain's construction materials subsidiary, CertainTeed Corp. In fact, the project will use a wide range of products manufactured by CertainTeed and related companies, including SAGE Glass, Saint-Gobain ADFORS, Saint-Gobain Performance Plastics and others.
The sale of the two corporations' current headquarters in Valley Forge was brokered by Binswanger.
“There were a number of factors involved in our selection of this site, including our ability to attract new talent, expand the headquarters over time and the desire to select a marquee location for our North American headquarters,” said John Crowe, president and CEO of Saint-Gobain and CertainTeed.
With the relocation, the companies will bring 120 additional employees to Chester County and raise the company's total employee count at the new headquarters to more than 800.
The redevelopment of the campus, the former home of Aegon Group, will be executed by E. Kahn Development Corp, which will also acquire the headquarters site in Valley Forge. Construction will begin this month, with completion expected by fall 2015.
Binswanger's project management group will represent Saint-Gobain through the construction and redevelopment.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
