Downtown Dallas has landed another corporate move.
Galderma, an international dermatology company and skin care products firm, is relocating its U.S. headquarters to the Trammell Crow Center skyscraper on Ross Avenue.
About 400 Galderma employees will make the move to Dallas next summer.
The Swiss-based pharmaceutical company’s U.S. head offices now operate out of a building in North Fort Worth. Galderma will keep its distribution center in the AllianceTexas development.
The new downtown Dallas location will total 50,000 square feet of space on two floors of the just-renovated Trammell Crow Center.
The new offices in a more urban location will benefit Galderma’s workers in the post-COVID office world and help the company attract new talent, said Diane Gomez-Thinnes, who heads Galderma U.S.
“When we think about Galderma and its refreshed brand, we really wanted a setting that was a good match — one that was innovative and inspiring,” Gomez-Thinnes said. “What better location than a downtown location that allows our people to be inspired by not just the building they are in but their surroundings.”
Galderma looked at multiple sites — and not just in North Texas — before picking the downtown landmark building.
“Our search included several national and local options, but once we saw what the Arts District has to offer — a thriving, walkable location that will allow our associates to become part of the community where they work, as well as to help attract new talent as we continue to grow, we were set on Dallas,” Michael Shires, head of Galderma Global Real Estate and Facilities, said in a statement. “We are so happy to be able to continue the next chapter of growth for Galderma U.S. in Texas.”
Established in 1981, Galderma is best recognized for its Cetaphil-branded products. The company also produces prescription and consumer care products for consumers and health care professionals.
Galderma has 5,000 employees worldwide.
Galderma recently reached an agreement to purchase another major skin care products firm, California-based Alastin Skincare Inc.
“Moving to Dallas is just one example of the transformation happening across the organization,” Gomez-Thinnes said. “We’ve recently introduced a premium new brand look and are experiencing tremendous growth, expanding our current portfolio and adding new innovations through robust R&D efforts and through acquisitions and licensing opportunities.”
The Trammell Crow Center recently completed a $135 million redo of the 1980s skyscraper. Dallas’ Stream Realty Partners oversaw the tower remodeling for owner JPMorgan Asset Management.
“Galderma is a global leader in premium skin care products,” Stream Realty’s Ramsey March said. “We intentionally pursued them to complement our A-list roster of impressive corporate leaders in the legal, advisory and financial sectors at the Trammell Crow Center.
“They bring a brand name and executive team to the Arts District that has us excited.”
Other major tenants in the 50-story tower include Goldman Sachs, Vinson & Elkins and Orix USA.
“Interest in Trammell Crow Center is at an all-time high, and with the addition of Galderma, the building is more than 90% leased,” March said.
Stream Realty’s March, Chase Lopez and Marissa Parkin negotiated the Galderma lease with Peery Wood and Chris Sido from CBRE Group.
Galderma’s planned move to downtown Dallas follows similar recent relocations by insurance firm Integrity Marketing Group and marketing firm Imaginuity.
“We are excited to welcome the U.S. headquarters of the world’s largest independent dermatology company to downtown Dallas and our amazing Arts District,” Dallas Mayor Eric Johnson said in a statement. “Galderma’s choice to relocate to Dallas — a growing biotech hub — highlights the strength of our city’s economy and the incredible appeal of our city center.”