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Skin care brand Murad signed a new 12-year lease and announced its plan to relocate its corporate office to accommodate the company’s exponential growth and future expansion. Having outgrown its current location, Murad has committed to a $35 million investment that will result in a new, 45,000-square-foot global headquarters in El Segundo, California, just two blocks from the company’s current location.
“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,” said Richard Murad, general manager of Murad, Inc. “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-square-foot space will be upgraded to accommodate a fitness/yoga center and incorporate an update to its treatment rooms and retail section. Additionally, the new Murad Inclusive Health Spa will expand its service offerings to meet the increasing customer requests, including those in line with Dr. Murad’s Inclusive Health philosophy.
“Murad’s new global headquarters relocation is a bold step that significantly increases their local visibility and anchors the transformation of buildings along Park Place in El Segundo,” commented David Kluth, executive managing director of Newmark Grubb Knight Frank. “When completed, Murad’s recognizable brand will be a focal point of the Rosecrans Corridor and an inspiration for further innovative redevelopment of nearby properties. This is a fantastic solution for Murad’s world-class operations to continue thriving in a totally new environment.”
Murad will move to the new location at 2121 Park Place in El Segundo, California, sometime in early 2014.