{"id":1004525015,"date":"2021-04-29T04:11:00","date_gmt":"2021-04-29T12:11:00","guid":{"rendered":"http:\/\/internal.cpexecutive.com\/?p=1004525015"},"modified":"2021-09-23T22:44:21","modified_gmt":"2021-09-24T06:44:21","slug":"loreal-usa-to-open-west-coast-headquarters","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/loreal-usa-to-open-west-coast-headquarters\/","title":{"rendered":"L’Or\u00e9al USA to Open West Coast Headquarters"},"content":{"rendered":"
\"\"

L\u2019Or\u00e9al USA\u2019s new headquarters in El Segundo, Calif. Image courtesy of L\u2019Or\u00e9al USA<\/em><\/p><\/div>\n

New York-based L\u2019Or\u00e9al\u00a0USA\u00a0will soon open a second company headquarters. The global beauty corporation will establish a West Coast home base at 888 N. Douglas, Hackman Capital Partners\u2019 550,000-square-foot creative office campus in El Segundo, Calif., in the Los Angeles area<\/a>.<\/p>\n

L\u2019Or\u00e9al\u00a0leased 68,700 square feet of office space at 888 N. Douglas in the fourth quarter of 2020\u2014and the company\u2019s access to outdoor workspace gives it a total of 100,000 square feet for its employees. The modern office destination is the result of the transformation of a former aerospace manufacturing site into a 25-acre, state-of-the-art campus that will ultimately feature multiple two-story buildings in a desirable area of the Los Angeles market.<\/p>\n

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READ ALSO: <\/strong>What\u2019s Driving the Industrial Bull Run in Greater Los Angeles<\/a><\/p>\n

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\u201cTenants like El Segundo because of its favorable business environments\u2014no gross receipts tax\u2014high-quality product, access to the 405 and 105 freeways, adjacency to LAX, strong amenity base and small-town feel,\u201d Bill Bloodgood, executive managing director with Newmark, told Commercial Property Executive<\/em>. Newmark is handling leasing for 888 N. Douglas.<\/p>\n

L\u2019Or\u00e9al\u2019s new headquarters in El Segundo will allow the company to consolidate teams from three California-based brands that are currently housed in three different locations under a single roof. The new space will also house the company\u2019s first West Coast-based Professional Products Academy. Furthermore, the new headquarters will be perfectly suited to accommodate L\u2019Or\u00e9al\u2019s newly instituted permanent hybrid work model, which allows eligible employees to spend 40 percent of their time working remotely.<\/p>\n

Hackman Capital Partners placed a focus on the health and wellness of the office user when re-envisioning 888 N. Douglas and tapped Blitz to spearhead the interior architecture design. As a result, L\u2019Or\u00e9al employees will benefit from such amenities as a flood of natural light from the 45-foot ceilings, dedicated networking and collaboration spaces, an indoor-outdoor work concept with expansive outdoor patios and a wellness and exercise studio. Additionally, L\u2019Or\u00e9al\u2019s new space will feature a company store offering products across the company\u2019s portfolio of brands.<\/p>\n

Sun Shines on El Segundo<\/strong><\/h2>\n

El Segundo was well known as a growth market before the pandemic. The momentum appears to be ongoing with other notable leasing activity of late, including Beyond Meat\u2019s commitment<\/a> to 281,100 square feet at 888 N. Douglas.<\/p>\n

\u201cIn addition to L\u2019Or\u00e9al and Beyond Meat, Fisker, Rivian and Belkin have all leased significant blocks of space recently,\u201d Bloodgood told CPE<\/em>. \u201cSeveral other large tenants from outside the market are currently contemplating relocating into El Segundo.\u00a0High-quality, low-rise property has seen strong demand in the market.\u201d<\/p>\n

Compared to its Class A counterparts in neighboring West Los Angeles, El Segundo\u2019s average asking rent of $4.24 per-square-foot is far less than the $6.49 per-square-foot seen in Silicon Beach\u2019s Playa Vista or the $6.17 per square foot in West Hollywood, according to Newmark\u2019s first quarter 2021 report.<\/p>\n

\u201cEl Segundo offers a great mix of institutional quality product, large creative campuses and smaller creative buildings,\u201d Bloodgood said.\u00a0\u201cIt will continue to be one of the most active markets in Los Angeles.\u201d<\/p>\n

L\u2019Or\u00e9al expects to open its second headquarters at 888 N. Douglas in early 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"

The global beauty company will set up a new home base in one of the most active markets in the Los Angeles area. <\/p>\n","protected":false},"author":969,"featured_media":1004527947,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,1594,21742,21747,15],"tags":[43193,33897,51113],"class_list":["post-1004525015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-los-angeles","category-latest","category-office","category-west","tag-blitz","tag-hackman-capital-partners","tag-loreal-usa"],"acf":[],"yoast_head":"\nL'Or\u00e9al USA to Open West Coast Headquarters - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/loreal-usa-to-open-west-coast-headquarters\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"L'Or\u00e9al USA to Open West Coast Headquarters\" \/>\n<meta property=\"og:description\" content=\"The global beauty company will set up a new home base in one of the most active markets in the Los Angeles area.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/loreal-usa-to-open-west-coast-headquarters\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-29T12:11:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-24T06:44:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/LOreal-USAs-new-headquarters-in-El-Segundo-Calif.-Image-courtesy-of-LOreal-USA-300x233-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"233\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/loreal-usa-to-open-west-coast-headquarters\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/loreal-usa-to-open-west-coast-headquarters\/\",\"name\":\"L'Or\u00e9al USA to Open West Coast Headquarters - 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