Cosmetics giant Mary Kay is looking to sell its more than 500,000-square-foot campus in Addison.
Company representatives told The Dallas Morning News that Mary Kay has “always had a vision to evolve” its campus beyond what it is today. The firm purchased the roughly 33-acre site at 16251 Dallas Parkway in 1994 and has only used about 20% of the land for its 13-story headquarters.
“Given the current real estate market and land values in and around Dallas, now is a good time to consider a sale, reassess our campus footprint, and align it with our long-term needs and goals,” the company said.
Commercial real estate firm Cushman & Wakefield is marketing the headquarters site, located along the Dallas North Tollway. The firm said Mary Kay is assessing their future space needs but won’t be staying in their current building. Brokers tout the property’s potential as a corporate campus or a mixed-use redevelopment, and they describe the campus as “one of the nation’s most compelling redevelopment prospects.”
D-FW Real Estate News
The Addison headquarters, opened in 1995, is home to more than 1,200 Mary Kay employees and the Mary Kay museum. The property also includes a full-service restaurant, fitness center and health clinic. The listing was first reported by The Dallas Business Journal.
Founder Mary Kay Ash launched the cosmetics firm in 1963, and the company has had five headquarters locations since its start. Its first home was a roughly 500-square-foot storefront in Dallas’ Exchange Park office complex.
The 546,000-square-foot Addison headquarters took almost ten years to complete. The building was previously designed to serve as the headquarters of SunBelt Savings. However, the project went into default during the 1980s real estate crash. It was unfinished and unoccupied.
In 1993, Dallas businessman Don Carter bought the former SunBelt building for $22.6 million from federal banking regulators. He sold it to Mary Kay nine months later for an undisclosed price.
In addition to the Addison headquarters, Mary Kay constructed a more than $100 million manufacturing and R&D complex at the northeast corner of Denton Tap Road and Vista Ridge Mall Drive near State Highway 121 in Lewisville.
The cosmetics firm is dealing with legal and financial woes. Ash’s descendants are battling over the future of the company, D Magazine reported earlier this year. The legal fight is driven by her son and former CEO Richard Rogers.
Rogers is accusing current Mary Kay CEO — his own son Ryan Rogers — of mismanaging the company.
Richard Rogers alleges the company went from a $51 million comprehensive income in 2021 to a $46 million loss in comprehensive income in 2025.