ERLANGER, KY-Toyota Boshuku America (TBA), a manufacturer of automotive interior systems, has expanded its 23,000-sf office lease here to 48,000 sf. The company is in a 230,000-sf building in the CirclePort Business Park, right across the street from the Toyota Engineering and Manufacturing North America facility.

The interior systems company moved into its office one year ago, with a five-year lease for the space. It’s not clear how long the new lease is for, says Dan Tobergte, president and CEO of the Northern Kentucky Tri-County Economic Development Corp. “My gut tells me it’s about seven to 10 years,” he tells With the leases, TBA will receive $2.9 million in tax credit incentives from the Kentucky Jobs Development Act program.

Gap Inc. leases another 50,000 sf in the building, which is owned by Corporex Cos., and the rest is vacant. “TBA has hinted that it could expand further,” Tobergte says. Lease rates in the area average from $15 to $20 per sf, he says.

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