Crain’s Cleveland – Safeguard Properties completes HQ move to Valley View
Crain’s Cleveland Business picked up the article about Safeguard Properties completing the move of its HQ to Valley View.
Safeguard Properties completes HQ move to Valley View
By ARIELLE KASS
Safeguard Properties, a local company that conducts property inspections and performs maintenance on foreclosed homes, has completed its move to Valley View.
The company, which employs 700 people, had been in Brooklyn Heights since 1999. Its new headquarters at 7887 Safeguard Circle has 63,000 square feet, with the opportunity to expand to 75,000 square feet. The old headquarters had 33,000 square feet.
Since it was founded in 1990, Safeguard has grown revenue by 10% to 15% a year, and the company expects that pace to increase. It does not disclose specific sales figures. Safeguard added 200 employees in 2008 and anticipates bringing on more than 100 more this year.
The new headquarters cost about $8 million – $6 million to buy the building and make upgrades, and $2 million for new information technology infrastructure.