If you need assistance, please call 480-365-8346

Lucid Motors looks to lease more than 1,300 acres in Casa Grande

Monday, June 27, 2022   /   by Juan Grimaldo

Lucid Motors looks to lease more than 1,300 acres in Casa Grande

Weeks after Lucid Motors (Nasdaq: LCID) purchased 120 acres around its existing plant, newly released documents show the electric vehicle startup could be planning an even bigger expansion in Pinal County.

The Pinal County Board of Supervisors will vote Monday afternoon in a special session on a development agreement, lease and purchase agreement with Lucid USA Inc. for more than 1,300 acres around the company’s existing facility.

The proposed agreements will allow the county and Casa Grande to lease the property to Lucid Motors for an annual rent of $7.1 million for four years with the option to purchase the site, according to city documents. Casa Grande is looking to annex and rezone the property for industrial development.

To continue reading, click here.

By Audrey Jensen - Reporter, Phoenix Business Journal

The Grimaldo Group
Juan Grimaldo
2403 N Pebble Creek Pkwy #101
Goodyear, AZ 85395
480-365-8346

© 2022 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Juan Grimaldo - Keller Williams Realty Professional Partners - The Grimaldo Group (WINBACK) are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. November 26, 2022
This site powered by CINC: www.cincpro.com