Massive battery facility set for Buckeye to double in size, now total 2 million square feet, will break ground this year

You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur. FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU. Call me if you want to sell your property and need an estimated value.   Phone / Prefer cell: 520-975-5207
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By Audrey Jensen  –  Reporter, Phoenix Business Journal Jun 7, 2022

Shortly after closing on 214 acres in Buckeye, Coeur d’Alene, Idaho-based KORE Power has unveiled plans to double the size of its factory and significantly increase its investment in the plant.

The facility will now total 2 million square feet and cost an overall $1.25 billion to build, the company said at the end of May.

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KORE initially planned to break ground early this year on a $1 billion, 1 million-square-foot lithium-ion battery manufacturing plant but said it has now pushed the construction start date to an unknown date later this year.

The project will start operations in 2024 as opposed to 2023, while the hiring process will also “ramp up” in the third quarter of 2023, according to the city of Buckeye. KORE also said it will support its facility, dubbed KOREPlex, with a U.S.-based supply chain.

In July 2021, city of Buckeye records said that the estimated average annual salary was $46,000. The company said in May that it still plans to hire about 3,000 overtime. KORE has also brought on seven team members who have relocated or will be relocating to Buckeye.

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City, residents question KORE plant environmental impact

At the end of May, KORE Power held three meetings at the Buckeye Valley Chamber of Commerce and the city of Buckeye’s Coyote Branch Library to provide updates about the project. City staff, officials and residents attended the meetings to ask about traffic and environmental impacts such as water use by the facility, the city said.

The massive plant, which was named one of the largest industrial construction projects in the nation, will go up at the southeast corner of State Route 85 and Baseline Road a couple miles west of historic downtown Buckeye in an Opportunity Zone.

As of last year, KORE Power had estimated it would use 2.4 million gallons of water and 600,000 gallons of wastewater per month and 118,000 kilowatt-hours by the third year of production for a 850,000-square-foot facility.

The Arizona Republic previously reported that the facility’s water use is relatively low for an industry and equivalent to 330 single-family homes. KORE Power said in May that its goal is for the KOREPlex to be the world’s first net-zero gigafactory by using on-site solar and then adding co-generation capacity in the future through energy storage.

Behind the deal: Why KORE Power picked Arizona

The company initially started looking for a site for its first U.S. lithium-ion battery manufacturing plant in 2018 and had eventually narrowed down its selection to Texas, Florida and the Glendale and Buckeye areas in Arizona.

The Arizona Commerce Authority had worked with the company since it first started looking for a site and communicated with KORE’s leadership about Arizona’s potential and why the company should choose the Grand Canyon State leading to the company’s decision to build in Arizona, according to ACA documents obtained by the Business Journal.

The ACA highlighted the state’s workforce, higher education programs, population and growing electric vehicle and manufacturing industries and said it would facilitate a call with the ACA’s president, Sandra Watson, and Gov. Doug Ducey. It also said the ACA would offer any and all state incentive programs to KORE when the company scales.

KORE CEO Lindsay Gorrill spoke with Ducey in December 2020, which the ACA said “went very well from both perspectives.” The ACA also said it believed Arizona demonstrated a “can do attitude, a culture of support, abundant resources and the ability to connect the company with front end supply chain solutions.”

“I don’t think any other state has demonstrated the level of support to date,” the ACA said in an email to KORE Power in January 2021 that was obtained by the Business Journal. “Arizona is at the center of U.S. electric grid solar deployment and storage, is a destination state, is not vulnerable to catastrophic weather events, and has stable and pro-business political climate.”

KORE lauds Arizona’s ‘pro-business environment’

The company’s executives visited Arizona to meet with state officials and tour sites as Nikola Corp.’s and Arizona State University’s research and development facilities in May of 2021. By June 25, 2021, KORE Power sent a formal letter to the ACA that said it had selected Arizona for its U.S. manufacturing facility but was still deciding which site within the Phoenix metro.

“The pro-business environment, skilled workforce, location, quality of life, and additional factors led us to this decision. Included in that decision is the incentive letter and the commitment that Arizona has made to KORE as well as the strong relationship we have developed with you,” the company said in the letter obtained by the Business Journal. It also asked the ACA if it could secure participation of local, state and federal representation for its announcement to build in Arizona.

SEE IT ALL: https://www.bizjournals.com/phoenix/news/2022/06/07/kore-plant-buckeye-expansion.html

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FROM ME:  FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. Now is the time, if you are thinking of selling or purchasing your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County, Pinal County, Arizona / Office  / Retail  / Industrial  / Multi-family /  please call me on my cell 520-975-5207 or e-mail me     walterunger@ccim.net. Investors and Owner / Users need to really know the market today before making a move. The market has a lot of moving parts. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land  Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands your needs. I am marketing my listings on Costar, Loop-net,  CCIM,  CREXi, Catylist, and various other web sites.  I also sold  hundreds millions of dollars’ worth of  Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with  brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also international

   What is a CCIM.  In Business and in Life you don’t get what you deserve, you get what you Negotiate.

Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?

contact me if you want the me to get you the value of your property.

Walter Unger CCIM – cell: 520-975-5207 – walterunger@ccim.net

Click here to find out what is a   CCIM:

 CLICK HERE TO VIEW ALL MY LISTINGS. 

Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?

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What is a CCIM.

Walter Unger CCIM

Associate Broker

West USA Commercial Division

7077 E MARILYN RD.

Suite 200, Building 4.

Scottsdale AZ, 85254

Phone: 480-948-5554

Cell: 520-975-5207

walterunger@ccim.net

History of Arizona from  900 BC – 2017 -Timeline.

History of Arizona from  900 BC – 2017 -Timeline.

WHY PHOENIX? AMAZING!!!  POPULATION – IN 1950 THERE WERE 331,700 PEOPLE LIVING IN PHOENIX – “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”

PHOENIX TOPS US IN POPULATION GROWTH (MORE THAN LA, NYC) AND WHY THAT’S GOOD FOR THE ECONOMY, BUSINESS

History of Arizona from  900 BC – 2017 -Timeline.

WHY PHOENIX? AMAZING!!!  POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”

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  • DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:

Walter Unger CCIM –  walterunger@ccim.net   – 1-520-975-5207  –  http://walter-unger.com

Why Phoenix?  This is a very interesting article, you should read it, amazing, there were only 350 K people living in Phoenix in 1950

Timeline of Phoenix, Arizona history

Phoenix, Arizona

Facts of Arizona – year 1848 to 2013

CLICK HERE:  Arizona Opportunity Zones As We Understand /maps. Interested!!! Please contact me.

Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?

Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.

Walter Unger CCIM

Associate Broker

West USA Commercial Division

7077 E MARILYN RD.

Suite 200, Building 4.

Scottsdale AZ, 85254

Phone: 480-948-5554

Cell: 520-975-5207

walterunger@ccim.net

What is a CCIM.

FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU PLEASE CALL ME

CLICK HERE TO VIEW ALL MY LISTINGS. 

Also Call me if you need an estimated value of your Property.

Call me if you want to see a map with what is in the Construction Pipeline for Apartments.

Prefer cell: 520-975-5207,   or email me walterunger@ccim.net.       CLICK HERE TO VIEW ALL MY LISTINGS.    

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I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years.  If you have any questions about Commercial / Investment Properties in Phoenix or Commercial /  Investment Properties in Arizona,  I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us. 

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