Rohm and Haas

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The decision comes just a montj afterthe $15 billion mergef between the two chemical companies closed. Thougj Dow had initially promised to retain the Rohm and Haas headquarterdin Philadelphia, it didn’t promise to keep the real It also didn’t pledge to retain all of Rohm’as local employees. Dow has said that it plans to layoff 3,500 additiona employees to get rid of the redundancieds created by the merger. Though Rohm’s job count in the Philadelphia area will be affected bythe deal, by how many remains but will likely be significant. The company employs roughlt 1,000 people at the though it has undergone job cuts in the last year before the mergerdwas announced.
Rohm and Haas operates out of a 350,000-square-foot building, of which most is used for office Plans call for selling the building and leasiny a portion back forRohm operations. “Wer are exploring the options for sellingthe building,” said Briamn McPeak, Rohm spokesman. “Once we complete the integratiohwith Dow, we don’t imagins we will need full occupancy of the building.” How much spac e the company will need is still being determined, McPeaj said.
A decision will likely be made in the next couple of months or by the end of the year at the With Rohm as an anchort tenant in the a buyer could convert it to multiple tenants and seiz on a strong IndependenceSquare submarket. The vacancu rate for office space in the Independence Squarse submarket is atight 4.1 according to Grubb & Ellis data. That’sw the lowest in the region. CB Richard Ellis is marketing the buildingvfor sale. The building could go for an estimated $30 millionh or more, according to one It was constructed in 1964 as part of the reviva of the Independence Mall area and was scheduledd two years ago to undergoia $25 million makeover.
The chemical companh was the first private investor to buils onIndependence Mall. Before locating there in 1965, Rohm and headquarters were a few blocks away onWashingtonm Square. The building is architecturally significant and likely would have made for attractive It is one of the best examples of the internationapl style that helpeddefine mid-20th century architecture, and was part of a deliberat e creep of modern architecture into the historica l backdrop of Independence Mall, according to Philadelphia a book published by the defunct Foundatiob for Architecture. The buildin is also notable in havingy been designed byPietro Belluschi.
An Italianb architect who emigrated to the United States in Belluschi teamed up withGeorge M. Ewing Co. of Philadelphiaz to build the At the time he was designing the Rohm andHaas building, Belluschi was dean of architectured and planning at the Massachusetts Institute of He designed more than 1,000 buildings in his With the Rohm and Haas Belluschi created a concrete structure with bronze sunscreena and spandrel panels. The some of the first used in a modernhoffice building, were made from Plexiglass, a Rohm and Haas Plans call for keeping Rohm’s other real estate in the which includes facilities in Spring House and Pa., and a plant in the Bridesburg sectiob of Philadelphia.