Safeguard Moves HQ To Accommodate Growth

By MortgageOrb.com on Friday 08 May 2009

Safeguard Properties has completed its move into its new headquarters in Valley View, Ohio, doubling the company's office space and increasing staffing capacity.

The new facility, with approximately 63,000 square feet of finished space for the company's current 700 employees, has expansion capacity to 75,000 square feet to accommodate nearly a doubling in staff. Safeguard's previous facility in Brooklyn Heights, Ohio, which the company occupied since 1999, had 33,000 square feet.

"Safeguard has experienced consistent 10 to 15 percent year-over-year growth since its founding in 1990," says Alan Jaffa, Safeguard's chief operating officer. "Our growth in 2008 and projections for 2009 are even higher. We added 200 employees in 2008 and plan to add 125 more in 2009."

Jaffa says Safeguard's investment to purchase, expand and build out the new facility was approximately $6 million, plus approximately $2 million invested in additional IT infrastructure.