{"id":1004194694,"date":"2017-10-23T03:19:10","date_gmt":"2017-10-23T11:19:10","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004194694"},"modified":"2022-12-09T02:12:36","modified_gmt":"2022-12-09T10:12:36","slug":"sares-regis-to-redevelop-former-toyota-hq","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/sares-regis-to-redevelop-former-toyota-hq\/","title":{"rendered":"Sares Regis to Redevelop Former Toyota HQ"},"content":{"rendered":"

By Scott Baltic, Contributing Editor <\/em><\/p>\n

\"Sares<\/a>

Sares Regis is planning to redevelop Toyota\u2019s former SoCal HQ<\/p><\/div>\n

Sares-Regis Group, of Irvine, Calif., has completed its purchase of Toyota\u2019s former Los Angeles\u2013area national headquarters, an approximately 110-acre complex totaling more than 2 million square feet of office and industrial space in Torrance, Calif., JLL Capital Markets announced.<\/p>\n

Managing Director Jeff Adkison and Senior Vice President Brendan McArthur led the JLL team on the sale.<\/p>\n

Factors influencing expansion decision<\/h2>\n

The campus is near the Ports of Long Beach and Los Angeles and about 10 miles from Los Angeles International Airport.<\/p>\n

\u201cThis is an exceptional asset with an ideal location that presented upside opportunity through several investment strategies,<\/em>\u201d Adkison said in a prepared statement.<\/p>\n

\u201cSares Regis Group is excited about partnering with the City of Torrance to reposition this world-class property and bring new quality companies to Torrance<\/em>,\u201d added Peter Rooney, president of SRG Commercial Development. \u201cA major factor in our decision to pursue this project was the high quality of life enjoyed by the residents and the business community of Torrance<\/em>.\u201d<\/p>\n

Toyota built and\/or acquired the Torrance campus in stages beginning in the mid-1970s, a JLL spokesperson told Commercial Property Executive<\/em>. The property totals 18 buildings, five of which are LEED Gold facilities, while the rest are at high 90s Energy Star ratings.<\/p>\n

Site’s special characteristics<\/h2>\n

The complex also boasts some unusual features, such as its own data center, a test facility, more than 8,000 parking spaces, four central plants, five diesel generators, a hydrogen fuel cell power plant, two hydrogen fueling stations, two dining centers, a cafeteria, two helipads, a pool and a tennis court.<\/p>\n

A Sares-Regis spokesperson confirmed that the company is not disclosing the complex\u2019s price tag and also stated, \u201cAt this time it would be premature to talk about the possibilities for this premiere property<\/em>.\u201d<\/p>\n

Toyota\u2019s move from the SoCal campus has been anything but hasty. The automaker announced in April 2014 that it would be moving its North American headquarters<\/a> and about 3,000 Torrance-based jobs, as well as New York\u2013 and Kentucky-based employees, to Plano, Texas, in the Dallas\u2013Ft. Worth Metroplex.<\/p>\n

Image courtesy of Sares-Regis Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The 110-acre property is home to more than 2 million square feet of office and industrial space in Torrance, Calif., including special amenities such as a data center, hydrogen fueling stations and helipads. <\/p>\n","protected":false},"author":882,"featured_media":1004194707,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21748,21783,1594,21752,21742,21747,15],"tags":[33234,32796,32779,34534,34984],"class_list":["post-1004194694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-industrial","category-investment","category-los-angeles","category-mixed-use","category-latest","category-office","category-west","tag-energy-star","tag-jll","tag-leed","tag-sares-regis-group","tag-toyota-motor-corporation"],"acf":[],"yoast_head":"\nSares Regis to Redevelop Former Toyota HQ - 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