Tesla has expanded its Texas real estate once again, this time in San Antonio.
The company has secured a lease of an eastern San Antonio warehouse with 440,000 square feet of space.
The warehouse is located in Foster Ridge Park and takes up 30 of the 90 development acres.
According to San Antonio Business Journal sources, Tesla has been using the space to store manufacturing components for use at Giga Texas since August.
The lease is for five years and expires in June 2027.
The warehouse does not come cheap and will cost Tesla an estimated $2.4 million per month.
However, the exact details of the lease were not made available by broker Cavender Hill Properties.
Although San Antonio is an hour and a half away from Austin, the city is strategically located.
A warehouse in San Antonio provides an excellent option for Tesla suppliers in Texas and nearby Nuevo Leon, Mexico, a spot to drop off components without travelling to Austin.
This is the second large warehouse space that Tesla secured this month.
As previously reported by Drive Tesla Canada, Tesla also recently secured a massive 660,000-square-foot warehouse in Illinois.
Neither Tesla nor warehouse-owner Becknell Industrial commented about the use of the space nor other details.
