Thursday, June 11, 2015

Real Estate: "Exclusive: Tesla snaps up former Solyndra building in huge Fremont expansion" (TSLA)

From the Silicon Valley Business Journal:
Tesla Motors Inc.’s “Gigafactory” under construction near Reno might get all the press, but the electric carmaker is also expanding closer to home, and in a big way.

Palo Alto-based Tesla this month signed a lease to occupy a capacious manufacturing building a few minutes away from its existing car plant in Fremont, the company confirmed to the Business Journal on Wednesday.

At more than 500,000 square feet, the deal for the Page Technology Center at 901 Page Ave. represents Tesla’s largest growth spurt in Silicon Valley since buying the former NUMMI plant in 2010. And it also closes the book on a chapter in Silicon Valley tech history, absorbing the last remaining vacancy related to the implosion of solar panel-maker Solyndra in 2011.

“901 Page, located conveniently down the road from the Tesla Factory, gives us the space to expand our manufacturing and build more engineering labs as we build up production,” Tesla said in an email....MORE