EL SEGUNDO, CA—Murad Inc. has signed a 12-year lease in order to relocate its corporate headquarters. Having outgrown its current facility, the move is due to the company’s continued success and future expansion plans. Murad has invested $35 million into what will be a new 45,000-sq.-ft. global headquarters.
“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, in a statement. “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 new state-of-the-art facility, located at 2121 Park Pl. in El Segundo, Calif., will include workspaces and meeting areas tailored to corporate employees. Murad will occupy the building in the first half of 2014.
“Murad’s new global headquarters relocation is a bold step that significantly increases its 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 re-development of nearby properties. This is a fantastic solution for Murad’s world-class operations to continue thriving in a totally new environment.”
Kluth, as well as colleague Jon Zuckerman, represented Murad in the deal.