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Centrally located complex includes approximately 2 MSF of office, industrial space
JLL's Capital Markets experts today announced the firm has been engaged by Toyota Motor North America, Inc. to market its Los Angeles-area headquarters for sale. The institutional-grade asset includes approximately 2 million square feet of office and industrial space on more than 110 acres in the cities of Torrance and Los Angeles.
Managing Director Jeff Adkison and Senior Vice President Brendan McArthur are leading the JLL team on the marketing process.
"The campus is ideally located near the airport and two major ports, allowing future tenants and their employees to access convenient transportation as well as nearby shipping outlets," said Adkison. "We expect significant interest from buyers attracted by proximity to the Ports of Long Beach and Los Angeles, a highly-educated workforce, and the desirable Southern California lifestyle."
The campus is located approximately 10 miles from Los Angeles International Airport, as well as the Ports of Long Beach and Los Angeles.
In April 2014, Toyota announced that it would relocate the Company's separate North American headquarters for manufacturing, sales and marketing, financial services and corporate operations to Plano, Texas – a transition that is expected to be completed in late 2017.
Toyota has invested more than $5 billion in its business in California to date, and approximately 2,000 team members will continue to work at other Toyota facilities throughout California once the Company and its Torrance-based team members who are relocating have transitioned to Plano.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2015 alone, JLL Capital Markets completed $140 billion in investment sale and debt and equity transactions globally. The firm's Capital Markets team comprises more than 2,000 specialists, operating all over the globe.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At year-end 2016, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 77,000. As of December 31, 2016, LaSalle Investment Management has $60.1 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
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