Tesla is reportedly expanding its presence in Los Angeles with a new 131,000 square feet of space in four-story office building in Marina del Rey, according to a report.
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The Real Deal, a real estate news site, reports that Tesla signed a lease valued at ~$30 million for the property at 4729-4755 Alla Road in Marina del Rey. They wrote:
“The deal, signed last week, gives Tesla 131,000 square feet of space across the four-story property, which sits on four acres of land near the 90 Freeway and the ocean. The property, last renovated in 2000, is owned by Pacific Properties Group, a partnership led by Black Equities Group, according to CoStar. Tesla’s lease runs at least seven years and is valued at about $30 million, sources said.”
Currently, the building has a warehouse space and offices.
Construction permits at the location have been requested since the deal was made and it features a Tesla sign in front – indicating that it could end up being at least partly a consumer-facing location.
Tesla already has a store in Santa Monica not too far from the location and it’s not really in a good location for a store, but it could potentially be used as a delivery center to support the other stores around Los Angeles.
Due to the size, it’s likely to also be used for the office space. Tesla’s main office space in Los Angeles is currently its design studio in Hawthorne, where Tesla’s design team is located. The new location is near the Los Angeles International airport and the design studio is just the other side of the airport.
Tesla’s main operations are in Silicon Valley, where they recently expanded in Fremont with new office buildings for more than 1,000 employees, but several automakers keep design teams in Los Angeles, which has become a hub of automotive design. Furthermore, Tesla’s CEO, Elon Musk, primarily lives in Los Angeles, where his other company, SpaceX, is located.
The company has now over 33,000 employees and it recently had over 2,000 job openings on its website -about 30 of them are in Los Angeles, but they mostly have to do with sales, services, and installations.