Cosmetic giant says the current real estate market and value of land in Dallas makes now “the perfect time to consider a sale.”
DALLAS — Read this story and more North Texas business news from our content partners at the Dallas Business Journal.
Leaders at global cosmetics giant Mary Kay Inc. are exploring the sale of the company’s sprawling headquarters in Addison.
In a statement to Dallas Business Journal, the company said it’s “always had a vision to evolve our campus beyond what it is today,” noting it’s only used about 20% of the 33-acre site it purchased in 1994 for its global HQ.
The privately owned, family-led direct sales company said with the current real estate market and value of land in Dallas, “now is the perfect time to consider a sale, reassess our campus footprint and align it with our long-term needs.”
The highly visible 546,000-square-foot campus along the Dallas North Tollway is listed by commercial real estate firm Cushman & Wakefield. Marketing materials for the 13-story building indicating would-be buyers have the flexibility to repurpose the building or pursue a large-scale mixed-use development.
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