Farmers Wilshire Campus Trades Hands

LOS ANGELES—Farmers Insurance and CIM Group have entered into a sale-leaseback agreement for the 10-acre Wilshire Campus and location of Farmer’s Home Office. The sale-leaseback is Farmer’s next step toward relocating its company headquarters to the Warner Center. The transaction included a lease agreement that will continue Farmer’s strong presence in the location throughout the transition.

“This is an unparalleled opportunity to acquire a substantial property on Wilshire Boulevard in this desirable neighborhood,” says Shaul Kuba, founding principal of CIM Group.  “We are pleased to have worked with Farmers Insurance on this transaction, and that it will continue as a tenant at the property until it has completed its transition, while maintaining a strong presence in Los Angeles in both locations.” The CIM group was unavailable for further comment.