Encompassing approximately 290 acres of industrial land on the east side of the City, the Industrial Project Area is the largest of the four project areas. The Agency has been instrumental in bringing the American Honda national headquarters and many other industries into the Industrial Project Area, and creating more jobs and additional tax revenues to the City. American Honda acquired 76 acres of the former U.S. Steel facility and, with the addition of 25 acres of City owned land, they were able to build their national headquarters on a site that was deteriorating and becoming an economic drain on the community. The former Torrance Redevelopment Agency was also instrumental in the development of two additional properties which previously housed large heavy industrial facilities within the Industrial Project Area. Torrance Center I, located at the eastern boundary of Torrance, is a successful commercial office project designed to become a "gateway" at one of the City's major entrance corridors. Torrance Center II is a 36 acre master planned development project located on the former ARMCO property. This project was planned to be developed in phases, with a mix of retail, commercial, office and hotel uses for increased flexibility. The result of this effort has been impressive. The total property valuation for the Industrial Project increased from $112 million dollars in 1982 to $397 million dollars in 1992 and $694 million in 2010.
Some of the current businesses located in the Industrial Project Area include: American Honda Motor Co., Ralphs MarketPlace, Lowe's Home Improvement Warehouse, Van Ness Business Center, Doug Mockett & Co., Dish Network California, Tips Cadillac, Torrance Center I - AT& T and ADT Security Services, and Torrance Center II - Sunrider International Co., Sakura Finetek USA Inc., ZC&R Optics, Mitsuwa Market Place, Miyako Hybrid Hotel, and Eastgate Plaza shopping center.
Industrial Project Area Map