Skechers USA, the Manhattan Beach-based maker of trendy shows, said Wednesday that it had acquired property neighboring the new corporate headquartes the company is building.
The additional land will allow Skechers to accommodate future growth, the company said.
The shoe maker will move into its new Manhattan Beach headquarters this summer. Near that property, Skechers acquired two adjacent lots just across the border in Hermosa Beach. The land at 2851 Pacific Coast Highway is 18,000 square feet and the lot at 2901 Pacific Coast Highway is 45,000 square feet.
The company said this newly acquired land "will allow for offices in a campus type structure." The company will begin detailing plans for the new land after completion of its new corporate headquarters this summer.
“In the last two years, Skechers’ annual revenues have grown by almost $400 million. At $1.394 billion in net sales for fiscal 2007, we are one of the largest footwear companies in the United States, and Manhattan Beach is our home,” Michael Greenberg, president of Skechers, said in a statement. “We are glad to keep our headquarters in the South Bay where we began almost 16 years ago. We love being a part of this vital community – what it has to offer can’t be obtained elsewhere, and we enjoy giving back to it by providing jobs to local residents, income to local businesses and donating to the community through appropriate avenues. We believe the new property in Hermosa Beach will be a beautiful and valuable addition to the community.”
Leave a comment