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Lucid Motors leases space, expands in the East Valley

Monday, June 13, 2022   /   by Juan Grimaldo

Lucid Motors leases space, expands in the East Valley

Lucid Group Inc. (Nasdaq: LCID) has signed a lease for more than 116,000 square feet of industrial space in Tempe.

Cushman & Wakefield's Phil Haenel, Mike Haenel and Andy Markham represented the landlord, TA Realty, as the three looked to backfill the entire space for one tenant at 525 W. 21st St. Phil Haenel confirmed that a lease was signed in March for Lucid Motors and that John Asher of AT Real Estate Services represented Lucid in the deal.

Asher could not be immediately reached for comment on the deal.

Plans for what Lucid Motors will do with the space weren't immediately available. The Newark, California-based electric vehicle maker didn't respond to requests for comment.

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By Ron Davis, Reporter - Phoenix Business Journal

The Grimaldo Group
Juan Grimaldo
2403 N Pebble Creek Pkwy #101
Goodyear, AZ 85395

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