Tesla Signs 927K-SF Lease at Matrix Logistics Center in Newburgh
Tesla has signed a 927,000-square-foot lease at the Matrix Logistics Center in Newburgh, NY. Tesla will utilize the space as an automotive parts distribution facility from October.
Located at 1396 Route 300, the center’s strategic proximity to New England and the Mid-Atlantic corridor, along with access to major highways, influenced Tesla’s decision.
“Matrix Logistics Center capitalizes on the micro asset of extremely convenient access to highways and the macro asset of reach within the broader Northeast context,” said Alec Taylor, Matrix Development Group Partner. “Matrix has had great success in the region over the last decade, and we will continue our expansion within Orange Country. We are delighted that Tesla chose us, and are thoroughly enjoying our collaboration with them.”
Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money.
With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.