Murad to expand global HQs as part of $35M development project
EL SEGUNDO, Calif. — Skin care brand Murad has signed a new 12-year lease and committed to a $35 million investment that will result in a new corporate headquarters in El Segundo, Calif., located just a few blocks away from the company’s current location.
Murad will move to the new location at 2121 Park Place in El Segundo, Calif., sometime in early 2014.
The new 45,000-sq.-ft. office will feature ample workspaces and meeting areas to ensure optimal working conditions for corporate employees. The newly signed lease for global headquarters complements Murad’s acquisition two years ago of a 65,000-sq.-ft. distribution center in Torrance, Calif., the company stated.
“We are excited to have signed the lease to our new custom-designed office space, where we will be able to meet the needs of our growth plans as well as honor our commitment to provide our valued employees with a spectacular, creative work environment, which is being designed to fit our specific requirements,” stated Richard Murad, GM of Murad. “This is a testament to our confidence in the company, our brand and our dedication to continue to innovate and exceed the expectations of our customers.”
The Murad Flagship Spa will remain in its current location, however, the entire 7,000-sq.-ft. space will be upgraded to accommodate a fitness/yoga center, as well as incorporate a stylish update to its treatment rooms and retail section. In addition, the new Murad-Inclusive Health Spa will expand its service offerings.