L’Oréal USA is getting ready to move its headquarters. The company, which is now located at 575 Fifth Avenue, has leased 402,000 square feet of office space in the South Tower of the Hudson Yards development at 30th Street and 10th Avenue.

“The Hudson Yards development is at the core of a pioneering new neighborhood and L’Oréal USA is proud to be part of it,” said Frederic Roze, president and chief executive of the company, the largest affiliate of its Paris-based parent, the global beauty leader. “Relocating our corporate headquarters is an exceptional opportunity to provide our employees with a workplace for tomorrow and a headquarters that best represents our very creative and innovative company and our mission of beauty for all.”

The company intends to move at the end of 2015 when the lease expires on the present location.