What Will Happen to the Toyota Office Campus

Petra Durnin is the director of research and analysis for the Southern California market at CBRE.

LOS ANGELES—The Toyota Campus in Torrance has officially come to market. Toyota Motor North America announced plans to move its headquarters from the 110-acre campus in Torrance to Texas in 2014, and will complete the transfer this year. As a result, the firm is bringing the office property to market. The property is a 2 million-square-foot institutional asset, and is expected to attract a lot of attention from investors.

“In light of the growing creative redevelopment, this sale offers a unique opportunity for the large user or developer,” Petra Durnin, Director Research & Analysis at CBRE and a market source with no relation to the deal, tells GlobeSt.com. “This property is located in the 190th corridor, which often gets less attention, but is in the path of Westside creative demand that runs from Santa Monica to El Segundo.” Durnin and CBRE have no relation to this deal. The property is being marketed by JLL managing director Jeff Adkison and SVP Brendan McArthur, who declined to comment on the deal.