Phoenix & Southwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Phoenix & Southwest  + Phoenix  | 
KORE Power will build a two-million-square-foot lithium-ion battery facility on 214 acres it acquired from the Mangat Group in Buckeye, AZ

Buckeye Site Will Support 2M-SF Lithium Battery Factory 

The Mangat Group, a Glendale, AZ-based land development group, has closed a land deal with KORE Power. The lithium-ion battery manufacturer plans to build KOREPlex, a two million-square-foot lithium-ion battery manufacturing facility, on the 214 acres located on State Route 85 and Baseline Road in Buckeye, AZ. 

Mangat Group founder Tony Mangat acquired the property in December 2020, hoping to finding a buyer who would use it to support the community. Although he received higher offers, Mangat’s discussions with KORE Power led to confidence that the project will drive positive economic development. 

“This new battery facility is for the greatest good for the community,” said Mangat. “KORE Power will provide multiple job opportunities for local residents, especially as the city continues to grow. A large employer like KORE Power allows residents to cut their commute, creating a more sustainable, affordable and convenient lifestyle, and further advancing sustainability efforts.” 

Connect

Inside The Story

Mangat Group's Mangat

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
  • ◦Development
New call-to-action