Philadelphia, PA … Michael Salove Company Commercial Real Estate is pleased to announce the completion of a lease transaction with Sherwin-Williams at Shelbourne Square on Route 422 in Exeter Township (Reading), PA. Sherwin-Williams will open its doors in fall 2008 and will occupy approximately 4,669 square feet.
Sherwin-Williams will join Shelbourne Square Shopping Center , anchored by Home Depot and Redner’s Warehouse Markets, and other tenants including: Movie Gallery, McDonald’s, Applebee’s, Subway, and Penn National Bank. Douglas Green of Michael Salove Company, noted, “This site, situated in the heart of the quickly growing Exeter community, will allow Sherwin-Williams to successfully out position Home Depot to offer a smaller, more easily accessible venue to buy paint.”
Founded in 1866 by Henry Sherwin and Edwards Williams, The Sherwin-Williams Company has grown to be the largest producer of paints and coatings in the , and one of the largest in the world. The company is headquartered in Cleveland, OH , and has over 3,000 paint store locations. Sherwin-Williams differentiates itself from competitors in that most of their competitors distribute their products only via big-box retailers, whereas Sherwin-Williams distributes through their own company-owned stores, allowing them to directly control their products. In March 2007, Sherwin-Williams acquired M.A. Bruder & Sons Incorporated (M.A.B. Paints), which allowed Sherwin-Williams to acquire 132 additional stores throughout the eastern and southern U.S.
Michael Salove Company has its headquarters in Center City Philadelphia. It is one of the region’s preeminent tenant and development advisory firms, exclusively representing regional, national and international retailers and developers.
