HQ moving from Northern Kentucky to Texas
PLANO, Texas (July 10, 2014) — Toyota has selected Dallas-based KDC Real Estate Development & Investments (KDC), a leading commercial real estate development and investment firm, to develop its new North American headquarters campus in the Legacy West development in Plano, Texas.
Toyota Motor Engineering & Manufacturing North America Inc. (TEMA) in Erlanger, Ky., will move to the new headquarters.
“We are excited to move forward with KDC to develop our new North American headquarters,” said Doug Beebe, corporate manager, administrative services at Toyota Motor Sales Inc. “KDC has a proven track record of delivering high value and innovative projects to a diverse group of clients on time and on budget. They are also a recognized leader in providing environmentally sustainable solutions, an important qualification as we plan for an environmentally sustainable campus.”
In addition to extensive national experience, KDC has been involved in a number of large-scale, high-profile commercial real estate projects in the Dallas-Fort Worth Metroplex, including an “urban village” of office, retail and residences currently under development in Legacy West near the 100-acre Toyota headquarters site.
Toyota recently finalized the purchase of its new headquarters site. Within the next three years, Toyota’s three separate North American headquarters for manufacturing, sales and marketing, and corporate operations will relocate to a single, state-of-the-art campus in Plano. Toyota’s North American finance arm also plans to move its headquarters to this new shared campus.
Altogether, these moves will affect approximately 4,000 employees.
At the same time, Toyota will expand the Toyota Technical Center (TTC) in Michigan to accommodate the relocation of direct procurement from Erlanger, Ky., to its campus in York Township near Ann Arbor. This expansion is part of an increased investment in engineering capabilities and will accommodate future growth in product development.
The transition to Plano from three current headquarters locations – affecting approximately 2,000 employees at Toyota Motor Sales U.S.A., Inc. (TMS) in Torrance, Calif.; about 1,000 employees at Toyota Motor Engineering & Manufacturing North America, Inc. (TEMA) in Erlanger, Ky.; and certain employees at Toyota Motor North America (TMA) in New York, N.Y. – will begin with initial small groups this summer. However, the majority of these employees will not move until construction of Toyota’s new headquarters is completed in late 2016 or early 2017. Toyota Financial Services (TFS) is not expected to transition to Plano from its current headquarters in Torrance, Calif., until 2017, which will affect around 1,000 employees.