February 15, 2017
Toyota Motor North America, Inc. is selling its SoCal headquarters complex. The institutional-grade asset, includes roughly 2 million square feet of office and industrial space on more than 110 acres in Torrance and Los Angeles.
JLL’s Capital Markets’ Jeff Adkison and Brendan McArthur are leading the disposition team. Adkison said, “We expect significant interest from buyers attracted by proximity to the Ports of Long Beach and Los Angeles, a highly-educated workforce, and the desirable Southern California lifestyle.”
The Japanese automaker is nearing completion of its new 2.1-million-square-foot headquarters facility in Plano, TX, where it plans to relocate later in 2017. Toyota had invested more than $5 billion in its California locations.
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