Alo Yoga paid $90 million for La Peer Building, a vacant 82,886-square-foot property at 8942 Wilshire Boulevard in Beverly Hills, CA, that the company plans to transform into its new headquarters, according to a CoStar report.
The yoga brand’s current headquarters are about a mile west at 9830 Wilshire Blvd. in a 57,000-square-foot building.
The deal works out to about $1,085 per square foot, the highest price-per-square-foot office deal in the city this year, according to the report.
In October 2023, Alo’s founders floated a stake in the company, valuing it at $10 billion, according to Reuters. In May, company Co-founder and CEO Danny Harris told The Wall Street Journal that Alo achieved $1 billion in sales in 2022, nearly tripling from the year prior.
The brand, which operates about 170 stores, has recently ramped up its overseas expansion, including openings in the UK, Dublin, Amsterdam, and Seoul. The company plans to open its first store on the Champs-Élysées in Paris in early 2026.
Image courtesy Alo Yoga
