Beyond Meat® Unveils Plans for New State-Of-The-Art Global Headquarters Aimed at Fueling Accelerated Innovation
January 15 2021 - 9:00AM
Beyond Meat, Inc. (NASDAQ: BYND) today announced its plans to enter
a 12-year lease in a new, nearly 300,000 square foot space at 888
N. Douglas Street in El Segundo, California. The building is
currently under development by Hackman Capital Partners with
anticipated completion in spring 2021. The site will serve as the
company’s new state-of-the-art global headquarters, making it one
of the world’s largest and most technologically advanced
plant-based research centers. The cutting-edge campus is slated to
open in fall of this year and is a substantial increase in the
company’s footprint that will support best-in-class innovation,
advanced research labs and the incubation of big ideas that further
disrupt and define the plant-based market of the future.
“Our ambitious new campus and truly
state-of-the-art research facilities reflect our commitment to
providing our consumers, customers, and strategic partners with the
very best in science, technology, and culinary arts as we together
answer the global protein challenge,” said Ethan Brown, Founder and
CEO, Beyond Meat. “The new campus and facilities will house
cutting-edge fundamental and applied research, alongside globalized
product development teams, all in service to a single goal:
creating meat from plants that is indistinguishable from its animal
protein equivalent. It is on this campus that we expect to
advance ever more rapidly against our taste, nutrition, and cost
metrics, inviting and empowering more and more consumers around the
world to Go Beyond.”
The construction of the new Beyond Meat® Global
Headquarters will take place in three phases and will include
increased pilot space to support multiple product lines while
enabling space for 3-4x growth of research personnel over current
levels. Additionally, the campus will feature future-forward
research incubators that will enable the development of new
technologies and more innovative products utilizing artificial
intelligence and machine learning.
Conveniently located a few minutes from LAX and
walking distance from the METRO C (Green) Line, the addition of the
expansive campus will further enable the company to attract the
world’s best talent with a focus on holistic wellness including a
fitness center, cafeteria, ample outdoor spaces, and interior
living walls to promote healthy air quality. The space will be
designed to be LEED and Fitwel Certified to align with Beyond
Meat’s mission and commitment to sustainability and workplace
wellbeing.
Beyond Meat was represented by JLL in the deal,
with project management being led by DPPM Project Management, and
architecture and design work being led by Gensler. Hackman Capital
Partners was represented by CBRE and Newmark Knight Grubb
Frank.
About Beyond Meat
Beyond Meat, Inc. (NASDAQ: BYND) is one of the
fastest growing food companies in the United States, offering a
portfolio of revolutionary plant-based meats made from simple
ingredients without GMOs, bioengineered ingredients, hormones,
antibiotics, or cholesterol. Founded in 2009, Beyond Meat products
are designed to have the same taste and texture as animal-based
meat while being better for people and the planet. Beyond Meat’s
brand commitment, Eat What You Love™, represents a strong belief
that there is a better way to feed our future and that the positive
choices we all make, no matter how small, can have a great impact
on our personal health and the health of our planet. By shifting
from animal-based meat to plant-based meat, we can positively
impact four growing global issues: human health, climate change,
constraints on natural resources and animal welfare. As of
September 26, 2020, Beyond Meat had products available at
approximately 122,000 retail and foodservice outlets in over 80
countries worldwide. Visit www.BeyondMeat.com and follow
@BeyondMeat, #BeyondBurger and #GoBeyond on Facebook, Instagram and
Twitter.
Forward-Looking Statements
Certain statements in this release constitute
“forward-looking statements.” These statements are based on
management’s current opinions, expectations, beliefs, plans,
objectives, assumptions or projections regarding future events or
future results. These forward-looking statements are only
predictions, not historical fact, and involve certain risks and
uncertainties, as well as assumptions. Actual results, levels of
activity, performance, achievements and events could differ
materially from those stated, anticipated or implied by such
forward-looking statements. While Beyond Meat believes that its
assumptions are reasonable, it is very difficult to predict the
impact of known factors, and, of course, it is impossible to
anticipate all factors that could affect actual results. There are
many risks and uncertainties that could cause actual results to
differ materially from forward-looking statements made herein
including, most prominently, the risks discussed under the heading
“Risk Factors” in the Company’s Annual Report on Form 10-K for the
year ended December 31, 2019 filed with the U.S. Securities and
Exchange Commission (“SEC”) on March 19, 2020, and the Company’s
Quarterly Report on Form 10-Q for the quarter ended September 26,
2020 filed with the SEC on November 9, 2020, as well as other
factors described from time to time in Beyond Meat’s filings with
the SEC. Such forward-looking statements are made only as of the
date of this release. Beyond Meat undertakes no obligation to
publicly update or revise any forward-looking statement because of
new information, future events or otherwise, except as otherwise
required by law. If we do update one or more forward-looking
statements, no inference should be made that we will make
additional updates with respect to those or other forward-looking
statements.
Media ContactShira
Zackaiszackai@beyondmeat.com
Beyond Meat (NASDAQ:BYND)
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