Tesla has recently secured a lease for a large industrial space in the East Bay area of California, close to its factory in Fremont. According to sources familiar with the deal, the Texas-based automaker has leased 148,525 square feet at 22290 Hathaway Ave. in Hayward.
The space represents about half of the 297,000-square-foot Hathaway facility, which is owned by San Francisco industrial real estate investment trust Prologis Inc., as reported by the San Francisco Business Times.
According to the most recent lease listing for the property, it is identified as an industrial distribution site and appears to have been previously occupied by UPS. Although Tesla has not announced the deal or how it plans to utilize the newly leased space, it will likely use it for parts storage and distribution, considering its proximity to the Fremont factory, which is about 21km (13 miles) south of Hayward.
This is just the latest addition to Tesla’s expansive real estate portfolio. Tesla recently leased a 1 million square foot facility outside of Houston, Texas, which it appears they will use for cell production and parts storage and distribution. Also in Texas, Tesla last year leased an eastern San Antonio warehouse with 440,000 square feet of space used to store manufacturing components for use at Giga Texas.
Last year Tesla also leased a 660,000 square foot warehouse space at the Gateway Tradeport development in Pontoon Beach, Illinois, just outside of St Louis.
While Tesla hasn’t signed leases for such massive warehouses in Canada, they have recently taken on two 60,000+ square foot leases in Hamilton, Ontario and Dartmouth, Nova Scotia for upcoming Service Center locations.