The planned new global headquarters and R&D center projects will total approximately 1.5 million square feet. The planned new global headquartersand R&D center projects will total approximately 1.5 millionsquare feet.

|

BRECKSVILLE, OH—The Sherwin Williams Company has announced plansto build a new global headquarters and research and developmentcenter here.

|

Preliminary plans call for Sherwin-Williams to invest a minimumof $600 million to build both facilities in the Cleveland suburb.The planned new approximately 1-million-square-foot globalheadquarters would be in downtown Cleveland located just west ofPublic Square between Saint Clair Avenue and Superior Avenue.

|

The planned new 500,000-square-foot R&D center would be inBrecksville, located off I-77 at Miller Road and Brecksville Road.The R&D center would serve as the corporate anchor for a newmixed- use development project.

|

Combined, the two facilities would house more than 3,500employees with room to accommodate significant future growth.Sherwin-Williams estimates it would add a minimum of 400 jobs atthese facilities over time, an increase of 11% to the company'scurrent local workforce. Many of these jobs will includeprofessional staff, engineers and chemists.

|

"Our plans to continue investing in Cleveland and Northeast Ohiobuild on our 154-year legacy as one of the region's top employersand drivers of economic activity," says Sherwin-Williams chairmanand CEO John G. Morikis. "Driven by our continued need to serve ourcustomers at the highest level and retain and attract top talent,we intend to create a next-generation workplace environment thatignites creativity, collaboration and industry-leadinginnovation."

|

Morikis notes that Sherwin-Williams currently operates out of a90-year-old headquarters building that no longer is conducive tomeeting the firm's future needs.

|

Sherwin-Williams current local footprint in Cuyahoga Countyincluding the City of Cleveland has generated more than $4 billionin employee payroll and $140 million in taxes over the past 10years. Based on current site plans, the City of Cleveland estimatesthat when the new global headquarters is occupied, the ClevelandMetropolitan School District will receive an estimated $3 millionin additional annual revenue from Sherwin-Williams.

|

The transition to the new facilities is not expected to occuruntil 2023 at the earliest. No announcements have been maderegarding construction partners, and no decisions have been maderegarding the disposition of the company's current R&D centerand headquarters, located in Cleveland at Canal Road and W.Prospect Avenue, respectively.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 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.

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.