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Stock impact report

Mary Kay explores sale of large Addison HQ [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
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. Read the full story here Show less Read more
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