FREMONT, CA—Toyota Tsusho America, Inc., atrading and supply-chain subsidiary of the Toyota Group, hascompleted a 5-year lease transaction for 64,396square feet at 41470-41490 Boyce Road in Fremont.The property is owned and operated by Prologis. KidderMathews commercial real estate brokers, CraigLeiker, executive vice president, and JamesViso, senior associate, represented Toyota Tsusho America(TAI).
Since 2010, TAI has been working out of the TeslaMotors production facility (formerly the NUMMI plant)providing support in electric vehicle development, productionsystems, and engineering services. As Tesla expands its model lineto produce the new Model X (SUV) and ModelE (an economic/lower priced vehicle), more space isneeded, so TAI will relocate.
“The landlord, Prologis, worked diligently with both TAI andTesla to put together a lease that would meet their needs.Warehouse space in Fremont is at a very low vacancy rate of 5%, sofinding a new home for TAI was a challenge,” said Viso.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
