EL SEGUNDO, CA-Murad Inc., a global skin care brand, will spend $35 million to develop a new 45,000-square-foot global headquarters.
The new building will be at 2121 Park Place here, two blocks from the company's current location at 2141 Rosecrans Ave. Murad will move in early next year and has signed a 12-year lease for the new building.
Murad was founded in 1989 by Dr. Howard Murad, a dermatologist, pharmacist and UCLA professor. The company's products are sold in more than 40 countries.
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