Tesla has leased a 682,000-square-foot speculative industrial building in the Austin Hills Commerce Center, expanding Elon Musk’s already sprawling Central Texas real estate footprint.
The company is set to occupy the second phase of the development at 11801 Decker Lake Road, which is scheduled for completion in January 2027. What Tesla plans to do with the space is still unknown.
Another piece of Musk’s Texas land grab
The building is being developed by Sansone Group and Principal Asset Management, according to reporting from the Austin Business Journal. The full Austin Hills Commerce Center will span 1.4 million square feet once complete.
The lease adds to a real estate empire that has quietly become one of the largest private footprints in Central Texas. The world’s richest man now controls 2.2 million square feet of leased space around Austin and more than 10 million square feet that he owns and built, spread across his web of companies…