The world-renowned building materials giant Saint-Gobain now has worldwide ownership of its new North American headquarters near Malvern.

What was proposed as an $80 million transformation of an abandoned National Liberty corporate campus that opened in October just sold for $123 million to London- and Kuwait-based investors 90 North Real Estate Partners and Arzan Financial Group, according to a Daily Local News report by Brian McCullough. Saint-Gobain’s 15-year lease remains untouched through the deal.

“We are pleased to have worked with Aegon U.S. Realty Advisors and Saint-Gobain to reposition this property into a first-class asset and North American headquarters for one of the top companies in the world,” said developer Eli Kahn of E. Kahn Development Corp., who partnered with J. Loew & Associates on the project.

The 65-acre site features a four-story, 277,000-square-foot headquarters spectacle and a two-story, 44,000-square-foot research and development building.

“In the face of geopolitical, economic and other headwinds facing the global economy in 2016, our message to investors is, appropriately, a very British ‘Keep Calm and Carry On,’” 90 North Founding Partner and Head of Investment Nick Judd said in the article. “While investor sentiment is fragile, demand for well-leased, modern commercial property in the USA, UK and Europe for the purposes of income generation and protecting wealth is currently undiminished.”

The big-name tenant, price tag and building quality all factored into the deal, as did the booming business climate of Chester County.

“Philadelphia is on its way back, and that suburb and high-tech corridor blow the stats out of the water,” 90 North Partner and Head of North American Operations Daniel Cooper said in a Philadelphia Business Journal report by Natalie Kostelni.

“This acquisition truly reflects and embraces our definition of ‘trophy’ credit,” Cooper added in the Daily Local News piece. “The property is occupied by Saint-Gobain, a Global 200, S&P-rated BBB company under a 15-year lease agreement with additional renewal options.”

Read more about the deal in the Daily Local News here and in the Philadelphia Business Journal here, and check out previous VISTA Today coverage of newsmaker Saint-Gobain here.