Real Estate Investment Company Buys Former Toyota HQ For $9.25M
By Mike Perleberg
The former Toyota North America engineering and manufacturing headquarters in Erlanger. Toyota photo.
(Erlanger, Ky.) – Toyota North America has sold off its massive headquarters in Erlanger.
The Cincinnati Business Courier cites property records in reporting that the 200,000 square foot building along Interstate 275 has been sold to Covington-based Corporex Companies LLC. The price was $9.25 million.
Corporex’s executive vice president and chief operating officer, Thomas Deere, told the publication that the company is confident in investing in the region with the anticipated growth of Amazon and DHL.
The real estate investment company said the building will be renamed Atlantic Corporate Center and CirclePort.
Toyota Motor Corporation announced in 2014 it would be relocating its North American engineering and manufacturing headquarters from Erlanger to Texas. Most of the 1,550 jobs at the local facility have been moved to Texas since then.