Murad, Inc. has signed a new 12-year lease and announced its plan to relocate corporate offices 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 brand new 45,000 square foot global headquarters in El Segundo, California, just two blocks from the company’s current location.
The newly-signed lease for global headquarters complements Murad’s acquisition two years ago of a 65,000 square foot distribution center in Torrance, California.
“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 significantly upgraded to accommodate a fitness/yoga center as well as incorporate a stylish 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 will move to the new location at in El Segundo sometime in early 2014.