Maurices Donates One Of Its HQ Buildings To UMD
Duluth-based Maurices announced Tuesday that it’s donating one of its current headquarters buildings to the University of Minnesota, Duluth (UMD).
Last month, Maurices unveiled its plans for a new 200,000-square-foot, 11-stories-tall headquarters building at 425 West Superior Street in downtown Duluth, stating that growing operations necessitated a new location.
The retailer said it expects its new headquarters to be completed December 2015, at which point the retailer will vacate its current three headquarter buildings. The building the company is donating to UMD is a four-story, 75,000-square-foot building located at 105 West Superior Street.
Maurices said that it selected UMD for the donation after reviewing the university’s plans to use the space for continuing education and certificate programs, downtown classes for adult learners, academic conferences, and partnerships with other higher education and kindergarten-through-12th-grade schools.
“We’ve had a tremendous partnership with UMD for many years, and [it] made a great business case for use of the building,” Maurices President George Goldfarb said in a statement.
The donated building has undergone renovations in recent years and now houses a fitness center, loft area, large auditorium, and conference rooms. In addition to the space, Maurices said it also plans to give the university its workstations and some office equipment.
“UMD will be able to use this highly functional downtown space to expand local partnerships, provide unprecedented community access to educational opportunities, and alleviate some existing space constraints on campus,” Lendley Black, the university’s chancellor, said in a statement.
Brian Thun, senior vice president and chief financial officer of Maurices, said that the retailer is also planning to list its other two headquarters buildings, located at 104 and 117 West Superior Street, in the near future.
The company currently employs approximately 425 people throughout the three buildings.