Tesla leases 245,000 square foot warehouse in Washington State

Tesla has secured a lease on a massive new warehouse in Marysville, Washington, a city located 30 minutes north of Seattle. This isn’t the first time Tesla has tried to land a large warehouse in Washington State after it was rumoured the automaker was in negotiations for a 220,000 square foot facility back in 2021 that ultimately never ended up materializing.

Unlike that 2021 report, the Puget Sound Business Journal says Tesla has officially signed a lease for a 245,619 square foot building in a 5.1 million square foot industrial park known as Cascade Industrial Center at 16015 51st Ave. NE.

The industrial park is still under construction, but Tesla’s building is the first project completed at the site, according to an update from general contractor Sierra Construction Company on March 27, 2023. The building sits on a 19.5 acre parcel with 3,600 feet of storefront, 36′ clear height, and over 300 parking and trailer stalls. The company doesn’t name the tenant of the building, but says interior improvements have already begun, without providing a date for when Tesla will officially be able to occupy and begin operating in the space.

Tesla has not announced their latest lease, but Biz Journals says the automaker will use facility as a parts and assembly plant.

Tesla’s real estate portfolio continues to expand with this latest addition. They recently leased a 1 million square foot facility in Houston, Texas for cell production and parts storage and distribution. Another lease was signed last year for a warehouse in San Antonio with 440,000 square feet of space is used to store manufacturing components for Giga Texas. In Illinois, Tesla leased a 660,000 square foot warehouse at the Gateway Tradeport development near St. Louis.

Although Tesla has not signed leases for similarly massive warehouses in Canada, they have secured two leases for upcoming Service Center locations in Hamilton, Ontario and Dartmouth, Nova Scotia, each exceeding 60,000 square feet.

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