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Farmers Insurance plans move from Mid-Wilshire to Woodland Hills

June 06, 2013|By Roger Vincent
  • Farmers Insurance's existing headquarters at 4680 Wilshire Blvd. was completed in 1937. Its new one will be in Woodland Hills.
Farmers Insurance's existing headquarters at 4680 Wilshire Blvd.… (Farmers Insurance )

Farmers Insurance will move its headquarters from its historic home on Wilshire Boulevard in the middle of Los Angeles to the Woodland Hills neighborhood in the San Fernando Valley, the company said.

The insurance giant will relocate to offices that it took control of when Farmers acquired 21st Century Insurance in 2009. The offices had been 21st Century’s headquarters and take up 500,000 square feet in two buildings on Owensmouth Avenue.

Farmers will sell its three buildings in the Mid-Wilshire district, spokeswoman Erin Freeman said. One of the buildings dates from 1937 and is in need of substantial retrofitting. It may take as long as five years to complete the relocation and sale of the buildings, she said.

“We are very excited to make a new long-term commitment to keep our headquarters in the city of Los Angeles, which has been our hometown for 85 years,” Freeman said.

Farmers also remains committed to being the name sponsor of the professional football stadium developer AEG has proposed building near Staples Center.

"We are especially excited about our role in the development of Farmers Field in downtown Los Angeles," she said.

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