Toyota Selects KDC To Develop New North American Headquarters

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Jul 10, 2014, 02:00 ET

PLANO, Texas, July 10, 2014 /PRNewswire/ -- Toyota today announced that it has selected Dallas-based KDC Real Estate Development & Investments (KDC), one of America's leading commercial real estate development and investment firms, to develop its new North American headquarters campus in the Legacy West development in Plano, Texas.

"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. We are confident that KDC will deliver a world-class facility that our employees will be proud to call home."

"We are proud to be partnering with Toyota on the development of its new home in North America," said Steve Van Amburgh, CEO, KDC. "We look forward to welcoming Toyota to Plano with a state-of-the-art headquarters that truly reflects the values of the company and its employees. It's a real honor to play a role in this important milestone for Toyota and historic corporate relocation for North Texas."

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 and expects to begin occupying the campus in late 2016 or early 2017. Once completed, the headquarters will be home to about 4,000 Toyota employees.

MEDIA CONTACTS:

Toyota Media Line: (310) 468-5297
KDC: Sydney Townsend, (214) 373-1601

About Toyota
Toyota (NYSE: TM), the world's top automaker and creator of the Prius, is committed to building vehicles for the way people live through our Toyota, Lexus and Scion brands. Over the past 50 years, we've built more than 25 million cars and trucks in North America, where we operate 14 manufacturing plants (10 in the U.S.) and directly employ more than 40,000 people (more than 32,000 in the U.S.). Our 1,800 North American dealerships (1,500 in the U.S.) sold more than 2.5 million cars and trucks (more than 2.2 million in the U.S.) in 2013 – and about 80 percent of all Toyota vehicles sold over the past 20 years are still on the road today.

Toyota partners with philanthropic organizations across the country, with a focus on education, safety and the environment. As part of this commitment, we share the company's extensive know-how garnered from building great cars and trucks to help community organizations and other nonprofits expand their ability to do good. For more information about Toyota, visit www.toyotanewsroom.com.

About KDC
KDC, one of America's leading commercial real estate development and investment companies, provides a full range of commercial real estate services including corporate build-to-suit development, acquisitions, corporate facility project/construction management, project financing, asset and land management, and marketing and leasing. KDC has completed more than 125 corporate build-to-suit office and industrial projects. The company is headquartered in Dallas and has offices in Atlanta, Austin and Houston, Texas, and Charlotte, N.C. For more information, please visit kdc.com.

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SOURCE Toyota