Tesla Signs Lease For Distribution Facility In Hudson Valley

NEWBURGH, NY — Electric car manufacturer Tesla has signed a lease for a distribution facility at an industrial complex in Newburgh.

Matrix Development Group, the real estate investment and development company, announced that it signed global auto manufacturer Tesla to a 927,000-square-foot-lease at Matrix Logistics Center, a two-building industrial complex at 1396 Route 300 in Newburgh.

Tesla will use the property as a distribution facility for automotive parts beginning in October, according to a spokesperson.

In selecting the center, Tesla was drawn to Newburgh’s strategic proximity to both New England and the Mid-Atlantic corridor and the property’s immediate access to the New York State Thruway, Interstate 84 and Route 300.

Matrix Development Group Partner Alec Taylor said his company is delighted that Tesla chose it and will continue expanding within Orange County.

There are very few high-quality logistics facilities that can accommodate the size of operations that Tesla requires, he said.

“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,” Taylor said.

Matrix’s Orange County holdings also include the Matrix Business Park at Newburgh, the Chester Distribution Center and the Matrix Distribution Center in Middletown.