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Sephora Takes Two Full Floors at 425 Market

SAN FRANCISCO-The 50,186-sf lease gives the retailer of beauty supplies expansion space next to its headquarters at 525 Market.

By Brian K. Miller | Updated on February 06, 2007

SAN FRANCISCO-Sephora USA this fall will expand into 50,186 sf at 425 Market St., a 905,000-sf, 38-story office building in the Financial District that sits adjacent to the beauty supply retailer’s 108,000-sf headquarters at 525 Market St. The expansion, which soaks up the entire second and third floors at 425 Market, will be used for Sephora University, the company’s employee training program, and for additional administrative offices.

“By expanding to 425 Market, we were able to take advantage of the building’s large floor plate, [which is] perfect for accommodating [our] training facilities,” says Patrick Murray, CFO of Sephora. “And, clearly, the property’s proximity to our corporate headquarters is a huge plus.”

The lease, which commences this fall, backfills space vacated earlier this year by San Francisco State University, which now operates out of Westfield Centre. Next year, several more floors at 425 Market St. will come available. Leases with Charles Schwab and United Healthcare totaling approximately 204,000 sf are set to roll in March 2008. The floors they occupy are 11-16, 18 and 27.

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