Toyota Racing Development
The existing Toyota Racing Development (“TRD”) lease with above-market rates was due to expire – TRD had two options: remain at the existing facility or relocate to another Toyota-owned facility on the east coast. TRD also desired a short renewal term with maximum flexibility, including future renewal options and an option to purchase.
Engine Building Facility
Costa Mesa, CA
- Lowered the monthly rental rate by 43%
- Achieved optimal flexibility through a short extension term of 18 months with three 1-year renewal options, providing multiple exit points for a relocation
- Reinstated an option to purchase from the original lease with an extended 24-month window