Giant Toyota campus in Torrance being sold to Irvine developer Sares Regis – Los Angeles Times

Posted: Saturday, October 14, 2017

Irvine developer Sares Regis is buying the sprawling Toyota office complex in Torrance that was formerly the Japanese car manufacturer’s North American headquarters.

The sale by Toyota of its 110-acre campus near the 405 Freeway is expected to close this month, according to people who know about the deal but aren’t authorized to speak publicly about it.

The price has yet to be disclosed. The property contains about 2 million square feet of office and industrial space and could surpass $150 million in value.

In 2006, Nissan Motor Co. sold its campus near the intersection of the 110 and 405 freeways for more than $75 million. The Nissan operation also was a configuration of offices and light industrial space but was less than half the size of Toyota’s campus.

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