LOS ANGELES—Farmers Insurance and CIMGroup have entered into a sale-leaseback agreement for the10-acre Wilshire Campus and location of Farmer's HomeOffice. The sale-leaseback is Farmer's next step towardrelocating its company headquarters to the WarnerCenter. The transaction included a lease agreement thatwill continue Farmer's strong presence in the location throughoutthe transition.

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

The property, and more specifically the location, meets CIM'sspecific investment criteria. Located in the WilshireCorridor, the 10-acre campus runs four city blocks. Thecampus is within close proximity to both popular, high-endresidential neighborhoods, like Hancock Park and Windsor Court, aswell as public transit with the nearby, soon-to-be constructedMetro Purple Line station.