Newmark has arranged a long-term headquarters lease renewal and extension on behalf of Saint-Gobain for its North American headquarters, located at 18 and 20 Moores Road in Malvern, Pennsylvania.
The transaction, valued at over $100 million, extends the company’s commitment for nearly two more decades. Saint-Gobain’s North American HQ spans Buildings 1, 2 and 3 at the Malvern site. Newmark Executive Managing Director Craig Scheuerle represented Saint-Gobain in the transaction. The advisors to the landlord were Dubai-based Arzan Wealth and 90 North Real Estate Partners LLC out of Chicago.
“The Malvern headquarters has been a flagship location since its opening in 2015, and this lease extension reaffirms its long-term strategic importance to the organization’s North American operations,” said Scheuerle. Executive Managing Director Gus Poulopoulos of Newmark Occupier Solutions, in collaboration with Scheuerle, provides additional real estate support to Saint-Gobain across all 178 leased and 143 owned facilities in North America.
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