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.”
- ◦Sale/Acquisition
- ◦Development