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Faraday Future announced Sunday it would relocate to a new headquarters in El Segundo from its current location in Gardena.
The move comes after more than a year of looking for a new space, according to the release. The property at 1990 E. Grand Ave. in El Segundo is the former Stamps.com office. The new office's square footage is approximately 99K SF, according to a CBRE brochure for the space.
The electric mobility company's new home is owned by an entity connected to New York investment management firm Fortress Investment Management, according to property records. Fortress bought the property from the parent company of Stamps.com in 2021, paying just under $72.3M, property records show.
Faraday Future’s move will be complete by the end of this month, John Schilling, a representative for the company, told Bisnow in an email.
“By situating our headquarters in El Segundo, adjacent to Manhattan Beach and the greater South Bay innovation corridor, we are aligning our company with a region defined by leadership, innovation, and growth,” Schilling said.
In March 2025, Faraday Future announced it had secured $41M in new cash financing, bringing total fundraising since September 2024 to over $100M.
El Segundo and other South Bay cities have been recent beneficiaries of growing aerospace and defense companies needing more space. The region also has a long history as a home to those industries.
Faraday Future is leaving behind approximately 147K SF in Gardena. In 2019, Faraday Future sold its Gardena offices to New York-based Atlas Capital Group and had been leasing the space back for an undisclosed amount.
Property records indicate that Atlas Capital bought the office space at 18455 S. Figueroa St. and 501 W. 190th St. for $29M, more than double the roughly $13.3M Faraday Future paid for the property in 2014.
Atlas also cashed in on the office complex. In 2022, it sold the Gardena property to Rexford Industrial Realty for $64.3M in an off-market transaction, property records show. The property is advertised as flex space with both office and industrial uses.
UPDATE, MAR. 20, 3 P.M. PT: This story has been updated with the square footage of Faraday Future's new office.
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