TUESDAY, SEPTEMBER 22, 2020
The Sherwin-Williams Company announced late last week its key partners for the building of its new global headquarters, slated to be located in downtown Cleveland, and its new research and development center, planned for Brecksville, Ohio.
Project Background
In September 2019, the company announced that it had begun exploring options for a new HQ.
“Given the limitations of our current footprint and driven by the needs of our customers, we are exploring options that will help us to accelerate productivity and efficiency, enhance technology and innovation, enable greater collaboration, support recruitment and retention and reduce maintenance costs over the long term,” Sherwin-Williams Chairman and CEO John G. Morikis said at the time.
As part of the exploratory process, Sherwin said it was considering multiple potential sites, including locations in Cleveland (where it’s been headquartered since 1930), Northeast Ohio and several other states.
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| M.O. Stevens, CC BY-SA 3.0, via Wikimedia Commons |
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The Sherwin-Williams Company announced late last week its key partners for the building of its new global headquarters, slated to be located in downtown Cleveland, and its new research and development center, planned for Brecksville, Ohio. |
Sherwin currently operates multiple facilities in Northeast Ohio that are home to about 4,400 employees.
In February, the company announced that it decided to continue its relationship with Northeast Ohio, by finalizing plans to build a new global headquarters and research and development center in Cleveland and the surrounding area.
Preliminary plans call for an investment of at least $600 million to build both facilities. The new HQ is set to be located in downtown Cleveland and be about 1 million square feet. The planned new R&D center would be in Brecksville, a suburb of Cleveland, and would serve as the corporate anchor for a new mixed-use development project and would be approximately 500,000 square feet.
The two facilities are slated to house more than 3,500 employees with room for growth, according to the company. The facilities would add a minimum of 400 jobs over time, an 11% increase to the company’s current workforce.
“Sherwin-Williams has been a part of the fabric of our community for 154 years,” said Cleveland Mayor Frank G. Jackson. “A new global headquarters in Cleveland lays the foundation for the next chapter for both Sherwin-Williams and our city’s history. Cleveland has two of the largest business districts in Ohio, with world-class health care and arts and entertainment options, all connected to our thriving residential neighborhoods.
"The robust and vibrant quality of life here attracts the world’s best and brightest talent, as does our proximity to 25 colleges and universities in Northeast Ohio. Sherwin-Williams recognizes these important strengths of Cleveland.”
What Now
"The key partners we have selected are aligned with our vision of creating a next generation workplace that supports serving our customers at the highest level, retaining and attracting top talent, and igniting creativity, collaboration and industry-leading innovation,” Morikis said in a press release.
"As we move forward with the next phase of this critical project, my deepest appreciation goes to our employees who have adapted quickly and safely throughout the pandemic to meet our customers' needs in new and unique ways. At the same time, we recognize that the development, engagement and sense of community our employees share has been essential to our success for more than 150 years and would be difficult to sustain over the long-term with a remote-based workforce."
Currently, the key partners include:
While the $600 million price tag is still in place, the timeline has shifted as some activities have been stalled due to COVID-19. The transition into new facilities is now expected to take place in 2024.
Tagged categories: Building operations; Business matters; Business operations; Good Technical Practice; Sherwin-Williams; Upcoming projects
