Rancho Santa Margarita-based Toastmasters International is moving its headquarters to Denver, Colo., in two years.
The nonprofit organization that develops leadership and communication skills said it purchased a building in Denver-Aurora area of Colorado and plans to move by the third quarter of 2018.
The new headquarters will have 106,575 square feet, about twice the size of the current location, allowing it to generate revenue by leasing office space in the four-story building, according to the nonprofit group. The new property should provide adequate space to the nonprofit for 25 to 30 years.
“Denver is home to an affordable and talented workforce in a business environment that is more cost-efficient than California,” said Toastmasters Chief Executive Daniel Rex in a news release. “As a nonprofit organization that strives to maximize resources … it’s critical for us to be competitive in the marketplace and able to attract and retain employees.”
Toastmasters employs 168 and has been in Rancho Santa Margarita for 26 years. It has been in Orange County since 1924 and membership exceeds 345,000 in more than 15,900 clubs in 142 countries.
