Kubota Tractor Corp. and Kubota Credit Corp. will relocate their headquarters to a 25-acre site just northeast of Grapevine Mills Mall on city-owned property, reports the Fort Worth Star-Telegram.
The companies, subsidiaries of Kubota Corp. in Osaka, Japan, are under contract to buy the property from Grapevine, where they plan a 200,000-square-foot research and development and corporate center. They are currently headquartered in Torrance, Calif.
The move will affect about 180 Torrance, Calif.-employees for a total of 345 jobs at the new location. Construction on the Texas facility is scheduled to be completed by the first quarter of 2017. It’s part of a restructuring to strengthen the Kubota brand in the U.S.