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Stock impact report

Cosmetics giant Mary Kay looks to sell its D-FW global headquarters [Yahoo! Finance]

Cushman & Wakefield Ltd. Common Shares (CWK) 
Last cushman & wakefield ltd. common shares earnings: 2/27 04:09 pm Check Earnings Report
Company Research Source: Yahoo! Finance
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 red Show less Read more
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