July 26, 2024 4:49 pm
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Hydrogen-electric truck startup pays millions for Valley land for proposed factory

 

Disclosure: Rose Law Group represents the underlying land owner, Pinal Land Holdings

Plant slated to be operational in 3 years

By Hayley Ringle | Phoenix Business Journal

Nikola Motor Co. is another step closer to building its 1 million-square-foot electric, semi-truck plant in Coolidge.

Nikola, the fledgling Phoenix-based autonomous hydrogen-electric semi-truck startup, paid $23,085,682 on March 4 for the 389-acre property at State Route 87 and Houser Road in Coolidge, according to Walter Unger, a senior associate broker with Phoenix-based Kasten Long Commercial Group.

Nikola CEO Trevor Milton said the startup is excited to break ground in Coolidge for the new factory, which should happen sometime in 2020. The facility is expected to be operational by 2022.

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