Bedrock buys SHW HQ, R&D for $48.5 million

Sherwin-Williams’ research center (center-foreground) and its headquarters
(to the upper right of the research center) are both visible from the Carter
Road lift bridge over the Cuyahoga River. This riverfront site is due to be-
come Bedrock Real Estate’s major play for downtown Cleveland over the
coming decades (Google). CLICK IMAGES TO ENLARGE THEM.

Newly available public records show that Bedrock Real Estate of Detroit paid $48.5 million total for Sherwin-Williams’ soon-to-be-vacated Landmark Building and John Breen Technology Center, both in downtown Cleveland. Although the sale of those properties closed last week, their sale amounts weren’t public available until today. The Landmark Building is currently Sherwin-Williams’ global headquarters and the Breen Technology Center is the global coatings giant’s primary research and development (R&D) facility for another year or so.

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