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RANCHO SANTA MARGARITA, Calif., Oct. 17, 2016 /PRNewswire/ -- Toastmasters International, the global organization devoted to communication and leadership skills development, announced today that it has finalized the purchase of a building in the Denver, Colo. area. The building will become the organization's new World Headquarters when the transition to Denver is complete in the third quarter of 2018. The property will be located at 9127 South Jamaica St. in Englewood, a city in the Denver-Aurora Metropolitan area.

"We're eager to relocate our headquarters to such a dynamic and growing area," says Toastmasters Chief Executive Officer Daniel Rex. "Denver is home to an affordable and talented workforce in a business environment that is more cost-efficient than California. As a nonprofit organization that strives to maximize resources, we're often challenged to do more with less. It's critical for us to be competitive in the marketplace and able to attract and retain employees."

Based in  Rancho Santa Margarita for the past 26 years, Toastmasters International has grown in membership and staff and needed a larger building.  This created an opportunity to move its headquarters to an environment with lower costs and a talent-rich workforce. Toastmasters International's Board of Directors embarked on a multiyear process to determine the potential new home for the organization. After considering many sites, the Board made the decision to relocate to its future home in Englewood.

At 106,575 square feet, the new space is nearly double the size of the current World Headquarters and gives Toastmasters an additional revenue stream through leasing the unoccupied space of the four-story building. This new property will provide Toastmasters with adequate space for 25 to 30 years.

"California has been a wonderful home to the organization since it was founded in 1924, and it will always be part of our legacy," says Mike Storkey, Toastmasters 2016-2017 International President. "However, we are a global organization, so the location of World Headquarters isn't a representation of our membership. Although California is a part of our roots, we look forward to opening our doors in Denver."

About Toastmasters International

Toastmasters International is a worldwide nonprofit educational organization that empowers individuals to become more effective communicators and leaders. Headquartered in Rancho Santa Margarita, Calif., the organization's membership exceeds 345,000 in more than 15,900 clubs in 142 countries. Since 1924, Toastmasters International has helped people from diverse backgrounds become more confident speakers, communicators and leaders. For information about local Toastmasters clubs, please visit www.toastmasters.org. Follow @Toastmasters on Twitter.

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SOURCE Toastmasters International