• 0
  • Home
  • About Us
  • What We Do

Shopping Cart

GPAM
  • Home
  • About Us
  • What We Do

Cosmetics giant L’Oréal inks lease at Hackman’s El Segundo campus

 L’Oréal CEO Stéphane Rinderknech and Hackman Capital CEO Michael Hackman with a rendering of the project (888 Douglas)
Hackman Capital CEO Michael Hackman and L’Oréal CEO Stéphane Rinderknech with a rendering of the project (888 Douglas)

L’Oréal, the world’s largest cosmetics company, is taking 100,000 square feet at Hackman Capital Partners’ creative office campus in El Segundo.

The company’s new lease begins next year at 888 N. Douglas Avenue in what it’s calling its “second headquarters,” Commercial Observer reported. L’Oreal has its headquarters at Hudson Yards complex on Manhattan’s Far West Side.

Beyond Meat, the plant-based products manufacturer, in January signed a 12-year lease to occupy 280,000 square feet at the complex. In that deal and amid an abysmal L.A. office market, Hackman gave Beyond Meat a full year of rent for free and agreed to provide $100 per square foot for improvements.

The two leases account for almost all of the space available at the former aerospace and transportation manufacturing complex. Hackman plans to redevelop two other buildings there in the future.

L’Oréal said it will consolidate its workforce from several brands at its new offices, according to the report. Last year, the Paris-based multinational adopted a hybrid work policy, with employees working from an office 60 percent of the time.

The company, which has around 88,000 employees worldwide, last fall announced it would cut 400 jobs in its U.S. luxury division. It also plans to close some brick-and-mortar stores to invest in e-commerce.

[CO] — Dennis Lynch 

The post Cosmetics giant L’Oréal inks lease at Hackman’s El Segundo campus appeared first on The Real Deal Los Angeles.

Powered by WPeMatico

  • 29 April 2021
  • The Real Deal
  • Uncategorized
  •  Like
Pending home sales rebound →← Continuum Partners plans $2B megaproject to transform Arts District
  • Recent Posts

    • LA County greenlights self-certification for Altadena rebuilding May 8, 2025
    • Irvine Company aims to transform golf course into village of 3K homes May 8, 2025
    • Former LA police commissioner, prominent attorney to list Bel-Air estate for $24M May 8, 2025
    • Movers: Gambino Group nabs LA, NY agents May 8, 2025
    • Sacramento investor lists 270K sf DTLA office park leasehold May 8, 2025
  • Recent Comments

    • Archives

      • May 2025
      • April 2025
      • March 2025
      • February 2025
      • January 2025
      • December 2024
      • November 2024
      • October 2024
      • September 2024
      • August 2024
      • July 2024
      • June 2024
      • May 2024
      • April 2024
      • March 2024
      • February 2024
      • January 2024
      • December 2023
      • February 2023
      • January 2023
      • December 2022
      • November 2022
      • October 2022
      • September 2022
      • August 2022
      • July 2022
      • June 2022
      • May 2022
      • April 2022
      • March 2022
      • February 2022
      • January 2022
      • December 2021
      • November 2021
      • October 2021
      • September 2021
      • August 2021
      • July 2021
      • June 2021
      • May 2021
      • April 2021
      • March 2021
      • February 2021
      • January 2021
      • December 2020
      • November 2020
      • October 2020
      • September 2020
      • August 2020
      • July 2020
      • June 2020
      • May 2020
      • April 2020
      • March 2020
      • February 2020
      • January 2020
      • December 2019
      • November 2019
      • October 2019
      • September 2019
      • August 2019
      • July 2019
      • June 2019
      • May 2019
      • April 2019
      • March 2019
      • February 2019
      • January 2019
      • December 2018
      • November 2018
      • October 2018
      • September 2018
      • August 2018
      • July 2018
      • June 2018
      • May 2018
      • April 2018
      • March 2018
      • February 2018
      • January 2018
      • December 2017
    • Global Property and Asset Mangement, Inc.
      137 North Larchmont
      Los Angeles, California 90010
      +1 213-427-1127

    © 2025 GPAM