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Toyota Torrance Office Complex Hits the Market

03/01/2017
Published By: Ioana Ginsac

The Texas Consolidation is Nearly Complete

In 2014, Toyota  announced that it was consolidating in Plano, TX. Per the press release at the time, three separate North American headquarters were to unify in a new shared campus in North Dallas, over the following three years.

The transition to Plano was estimated to affect approximately 4,000 employees nationwide, over half of which would be from the Sales and Financial Services division in Torrance, CA. For the most part, the workforce was not to move until the new headquarters complex is finished, which was estimated to be in late 2016 or early 2017.

It’s time we take a look at the plans and how construction has progressed:

See 5360 Legacy Drive, Plano, TX 75024 on COMMERCIALCafé

Torrance HQ is Up for Sale

According to the L.A. Times, the 110-acre Toyota Motor Sales national headquarters is now on the market! The complex opened in 1982, in place of the former parts distribution warehouse and has grown to what is now 2M SF of office and industrial space.

Toyota’s Los Angeles office campus has 18 buildings in all, emergency power provided by 5 diesel power generators, an on-site data center, 2 helipads, 2 dining centers, a cafeteria, tennis court and fitness center with swimming pool. It also comes with 8,000 parking spaces.

Jeff Adkison of JLL, representing Toyota on the listing, expects the “ready-to-go corporate campus” to be a quick sale. In addition to the well equipped facilities, the site is located near an airport and 2 major ports, which ensure convenient transportation and shipping outlets for future tenants.

The property is being marketed without a listing price. However, according to the L.A. Times, the 2006 sale of Nissan’s 42-acre & 700k SF buildings campus for $75 million suggests Toyota’s HQ may go for over $150 million.

See 19001 South Western Avenue, Torrance, CA 90501 on COMMERCIALCafé

Release Date03/01/2017 - 05:53

Source

CommercialCafe

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