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Deals & Dealmakers

L’Oreal signs west coast HQ lease with Hackman Capital

Cosmetics giant L’Oréal USA has announced it will open a second company headquarters at 888 North Douglas in El Segundo, California in early 2022.

The 100,000 s/f HQ will be situated within a 25-acres campus being developed by Hackman Capital.

Once home to aerospace giant Northrop Grumman, the property has been designed to feature four office structures with 550,000 s/f of offices, landscaped pathways and courtyards.

Earlier this year, Hackman signed a 400,000 s/f headquarters lease at the property with Beyond Meat, the Los Angeles-based producer of plant-based meat substitutes.

L’Oréal – whose main East Coast headquarters occupy 400,000 s/f at 10 Hudson Yards – will bring together the teams from its California-based brands – NYX Professional Makeup, Urban Decay and Pulp Riot, which are currently based in three different locations – into the new state-of-the-art creative campus. The second headquarters will also house L’Oréal’s first-ever west coast-based Professional Products Academy.

L’Oréal USA has been expanding its California footprint over the last decade and said the second headquarters will be built to accommodate the company’s future growth plans.

Developed by Los Angeles landlord Hackman Capital Partners with architecture led by interior design studio, Blitz, the office space will be developed with employee health and wellness in mind.

The workspace will offer amenities such as dedicated networking and collaboration spaces, an indoor-outdoor work concept with expansive outdoor patios, a wellness and exercise studio, a company store featuring products across its portfolio of brands, and an abundance of natural light coming in from the building’s 45-foot ceilings.

“We are fortunate to be in a position to invest in the expansion and future of our business,” said Stéphane Rinderknech, President & CEO of L’Oréal USA. “California has become a global stage for creativity, innovation, trends, diversity and talent in the beauty industry – and, as a result, it has become a driving force of our business. We are excited at the prospect of our brand teams coming together to build the future of beauty in the Los Angeles area.”

Built to reflect L’Oréal USA’s new hybrid working model, the company’s second headquarters will enable employees to move between in-office and remote work. In August 2020, L’Oréal USA announced a permanent hybrid work approach, allowing eligible employees to work 40 percent of their time (2 days per week) remotely each week.

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