DALLAS–Toyota announced Thursday that it has selected locally-based KDC Real Estate Development & Investments to develop its new headquarters campus in Plano, TX. The 100-acre campus will be constructed in the Legacy West development.
“KDC has a proven track record of delivering high value and innovative projects to a diverse group of clients on time and on budget,” says Doug Beebe, corporate manager of Administrative Services at Toyota, in a statement. “They are also a recognized leader in providing environmentally sustainable solutions, an important qualification as we plan for an environmentally sustainable campus. We are confident that KDC will deliver a world-class facility that our employees will be proud to call home.”
As GlobeSt.com reported, Toyota announced in April plans to move its corporate headquarters from Torrance, CA, to Plano, TX, beginning in late 2016 or early 2017. The move, which includes, manufacturing divisions along with sales and marketing, will join together the headquarters of Toyota Motor Sales, Toyota Motor Engineering & Manufacturing North America and Toyota Motor North America in one location. Up to 4,000 employees will be relocated to the new facility.
KDC is also working on a number of other projects in the Dallas-Fort Worth Metroplex, including an urban village of office, retail and residences also in the Legacy West area.
“We are proud to be partnering with Toyota on the development of its new home in North America,” says Steve Van Amburgh, CEO of KDC. “We look forward to welcoming Toyota to Plano with a state-of-the-art headquarters that truly reflects the values of the company and its employees. It’s a real honor to play a role in this important milestone for Toyota and historic corporate relocation for North Texas.”
Industry professionals GlobeSt.com spoke with when the news was first made public said this move is indicative of the positive business environment of Texas and could be a catalyst for other similar moves. Read more about the impact industry experts expect the Toyota move to have.