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Toyota headquarters in Torrance sold for $270 million to Irvine real estate developer

Toyota headquarters in Torrance sold for $270 million to Irvine real estate developer

Developer Sares-Regis Group has acquired the former Toyota headquarters in Torrance for $270 million — making it one of the biggest real estate transactions of the year in the region, where there is high demand for campus-style offices.

The price was nearly double earlier estimates and indicates the potential the Irvine firm sees in developing the sprawling office and industrial park near the 405 Freeway. It also is another example of how the region has been able to absorb the loss of corporate headquarters and associated jobs.

Toyota and Sares-Regis did not release the sale price after the transaction closed this week. It was disclosed by people who know about the deal but...

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