Fashion Nova Acquires Beverly Hills Office Campus for New Global Headquarters
Fashion Nova Founder & CEO, Richard Saghian ● Photo Credit: Michael Allen Creative
LOS ANGELES, August 28, 2024, (VSNewsNetwork.com) - Fashion Nova has acquired a 175,000-square-foot office campus in Beverly Hills, CA, to serve as its new global headquarters. The property, located at 407 North Maple Drive, was purchased for $118 million by Fashion Nova Founder & CEO Richard Saghian in an all-cash transaction.
The new headquarters will feature the Nova Social Club, a collaborative space designed for influencers, creators, and VIPs, along with amenities such as a fitness studio, wellness spa, content and podcast studios, and a showroom. "Nova Social Club will be a modern sanctuary for talent, influencers, creatives, and tastemakers," Saghian said. The headquarters will also house the Nova Founders Lab, an incubator-accelerator for emerging brands and creatives in fashion, marketing, and technology.
Saghian emphasized the strategic importance of the acquisition, stating, "This building is an irreplaceable asset, and it is a once-in-a-generation opportunity to acquire such a strategically located parcel of land in the heart of Beverly Hills." The new facility is expected to support Fashion Nova’s ongoing growth and innovation efforts.
The building, which is Energy Star-Labeled and Gold LEED-Certified, is scheduled to open in late 2024. This acquisition marks Saghian’s third major real estate purchase in the Los Angeles area within the past two years.
For more information, visit www.fashionnova.com.
Source: Fashion Nova via Newswire
