Mohr Capital, a Dallas-based real estate investment firm, said it acquired the 440,000-square-foot building from Becknell Industrial. The price was not disclosed.“We continue to add to our industrial portfolio by acquiring best-in-class assets nationwide,” Rodrigo Godoi, managing director of investments for Mohr Capital, said in a statement Wednesday.
It moved its headquarters to the Austin area from Palo Alto, Calif., in 2021. It opened its 10 million-square-foot Gigafactory Texas last year and is planning to spend about $775 million to expand the factory, according to filings with the Texas Department of Licensing and Regulation. Construction is slated to start at the end of the month on a cathode facility, cell test lab, die shop, drive unit and an undisclosed 693,093-square-foot facility dubbed Cell 1 at the plant.
About two weeks ago, Tesla executives told investors the company had broken ground on a proposed lithium refinery near Corpus Christi in South Texas, with plans to produce battery-grade chemicals by year’s end for use in electric vehicles.