Fashion Nova Acquires New Beverly Hills Headquarters from Tishman Speyer – Connect CRE

Retailer Fashion Nova has acquired a Beverly Hills office campus which will serve as its new global headquarters. The 175,000-square-foot building at 407 N. Maple Dr. was purchased off-market by founder & CEO Richard Saghian from Tishman Speyer for $118 million in an all-cash transaction.

In addition to providing newly designed ergonomic office spaces for 500-plus corporate employees, Fashion Nova HQ will debut Nova Social Club, an invitation-only collaborative space for creators, influencers, celebrities, and VIP guests. It will also house Nova Founders Lab, an
incubator-accelerator.

407 N. Maple Dr. marks Saghian’s third significant real estate purchase in Greater Los Angeles
within the past two years. In early 2023, Saghian acquired the Fashion Nova Malibu Beach House,
a 6,125-square-foot property on Carbon Beach, and in March 2022, he purchased The One in
Bel Air, a 105,000-square-foot mansion listed as the largest home in the U.S.