Saint‑Gobain is digging in its heels in Malvern, renewing and extending the lease on its three‑building campus and locking in roughly 321,226 square feet of headquarters and research space for nearly two more decades. The move keeps the global building‑materials giant and its CertainTeed subsidiary planted in the Great Valley office corridor west of Philadelphia, a relief for regional property owners and local officials who rely on the company as a major corporate anchor in Chester County.
Lease terms and footprint
According to the Philadelphia Business Journal, Saint‑Gobain and a subsidiary fully occupy the approximately 321,226‑square‑foot, three‑building campus at 18 and 20 Moores Road and signed the renewal and extension this week. The Business Journal reports that the complex serves as Saint‑Gobain’s North American headquarters and houses CertainTeed’s innovation and research operations.
Who handled the deal
Newmark, which represented Saint‑Gobain in the negotiations, pegged the transaction at more than $100 million and said it “extends the company’s commitment for nearly two additional decades,” according to a press release from Newmark. In the release, Craig Scheuerle, Newmark’s executive managing director, described the Malvern property as a “flagship location” for the company.
Campus history and sustainability
The Malvern campus opened in 2015 as a consolidated headquarters and research and development site, according to project records maintained by the Whole Building Design Guide. Since then, Saint‑Gobain has continued sustainability‑focused work on the site, including earning a Core Living Building Ready designation for CertainTeed Innovation Malvern, a milestone the company highlighted in 2024.
Ownership and local impact
A joint venture tied to London‑based 90 North Real Estate Partners and Dubai’s Arzan Wealth acquired the property in 2016, meaning the newly signed lease locks in a long‑term corporate tenant for the campus owners, the Philadelphia Inquirer reported. For local officials and nearby employers, the extension keeps an amenity‑rich suburban campus in play, one that bundles corporate, research and support functions in a single location.
Why it matters
Saint‑Gobain has been using the Malvern complex as a testing ground for greener workplace concepts and product showcases, the company has said in its newsroom, and the extended lease keeps that “living laboratory” intact. Newmark also pointed to the firm’s extensive North American footprint and the strategic importance of a stable headquarters site in its release, underscoring why this renewal resonates both with the company’s real estate strategy and with investors who have a stake in the asset.
