Toyota plans to start moving people to its new U.S. headquarters in Plano starting this summer.
The headquarters relocation — confirmed Monday afternoon — will bring about 4,000 jobs from California, Kentucky and New York.
The worldwide automaker said it will consolidate its three separate North American headquarters for manufacturing, sales and marketing, and corporate operations to a state-of-the-art campus to be built in Plano.
Toyota will also move its finance division headquarters to the new operation, which Dallas real estate brokers say will be located in the Legacy business park near the Dallas North Tollway and State Highway 121.
Toyota said “small groups” of workers will start moving to North Texas 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,” the company said.
Toyota presented the plan Monday in meetings with its U.S. employees and dealers.
The automaker has an office site identified near J.C. Penney’s Plano headquarters and is talking to real estate developers about building between 1 million and 1.5 million square feet, commercial property execs say.
Toyota will also lease temporary office space in Plano to house workers until the first of its new buildings are ready.
“With our major North American business affiliates and leaders together in one location for the first time, we will be better equipped to speed decision making, share best practices, and leverage the combined strength of our employees,” Jim Lentz, Toyota’s top officer for the North America Region, said in a statement. “This, in turn, will strengthen our ability to put customers first and to continue making great products that exceed their expectations.
“Ultimately, enabling greater collaboration and efficiencies across Toyota will help us become a more dynamic, innovative and successful organization in North America,” he said. “This is the most significant change we’ve made to our North American operations in the past 50 years, and we are excited for what the future holds.”
Real estate developers in recent months have made proposals for the corporate relocation without knowing which company was considering a move.
Toyota currently has more than 5,000 employees in California, with its U.S. headquarters in the Los Angeles suburb of Torrance.
The company said that after the move it will have 2,000 workers in California. The company has had its U.S. headquarter there since 1957.
Business and real estate sources say that Toyota — like other companies — is leaving California for cheaper operating costs.
In February, Occidental Petroleum Corp. said it was splitting its operations, keeping a portion in California and setting up a new unit in Houston. Raytheon Co., a technology company that specializes in defense, last year moved its space and airborne systems unit to McKinney, Texas, from southern California. Last year, Tokyo-based security software company Trend Micro Inc. said it would move its U.S. headquarters from Cupertino, in Silicon Valley, to Irving.
The relocation will be the largest out-of-state move to Plano since retailer J.C. Penney transferred its headquarters in the 1980s.
Bloomberg News contributed to this story.
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