Galderma to relocate U.S. headquarters from Fort Worth to Dallas
Galderma, the world’s leading dermatology company, is moving its headquarters to downtown Dallas, but its distribution center will remain in Fort Worth, the Lausanne, Switzerland-based company announced on December 10th.
In the summer of 2022, Galderma will move to the Trammell Crow Center on Ross Ave 2001. Galderma has around 400 home office employees who will work from the new location.
The decision to move to downtown Dallas is in line with the company’s needs for office functionality and design, as well as the ability to provide employees and business partners with the superb location and convenience of the Trammell Crow Center location, according to a press release from Galderma .
“Our search spanned several national and local options, but when we saw what the Arts District had to offer – a thriving, walkable place that allows our employees to become part and help of the community in which they work in attracting new talent. “As we continue to grow, we have relied on Dallas,” said Michael Shires, director of Galderma Global Real Estate and Facilities. “We are very excited to continue the next growth chapter for Galderma US in Texas.”
“The move to Dallas is just one example of the transformation that is taking place across the company,” said Diane Gomez-Thinnes, director of Galderma US, in a statement. “We recently launched a new premium branding and are experiencing tremendous growth as we expand our current portfolio and add new innovations through robust R&D efforts, as well as acquisitions and licensing opportunities.”
Founded in 1981, Galderma is the manufacturer of Cetaphil, a leading facial care brand. Galderma products are available in more than 100 countries.
The new, ultra-modern office space in the Trammell Crow Center will comprise 50,000 square meters on the 16th and 17th floors. The interior designed by Unispace is modern and open and has been designed to encourage collaboration, creativity, productivity and connections. The Trammell Crow Center in the Dallas Arts District recently completed a $ 135 million renovation.
Stream Realty’s Ramsey March, Chase Lopez and Marissa Parkin led the real estate transaction for the Trammel Crow Center. CBRE’s Peery Wood and Chris Sido represented Galderma on the transaction.
Galderma’s global headquarters are in Lausanne, Switzerland. The company employs 5,000 people worldwide.
In 2015, Galderma Laboratories established a $ 22 million research and development center in Fort Worth to help the company gain US approval for its products. The 100,000 square foot research and development center is adjacent to Galderma’s North American headquarters, which is currently on the west side of Interstate 35 W., north of Alliance Airport.
Fort Worth City Council approved a 10-year agreement for $ 635,000 in tax breaks and economic development for the expansion, and the company also received a $ 2.1 million grant from the Texas Enterprise Fund for the project.