Tesla Secures Major Property Lease in Queens

Tesla has inked a new lease agreement for a 150,000-square-foot property in College Point, Queens, marking its latest expansion in New York City. The property, located at 30-02 Whitestone Expressway, was previously a shopping center that had experienced declining occupancy in recent years.

This expansion follows Tesla’s strategic move from two months ago, when the company invested $18 million to enhance its Supercharging infrastructure across New York’s five boroughs. That initiative included the purchase of another Queens property, though smaller at approximately one-quarter the size of this new location.

The earlier property’s intended use as a Supercharging hub was confirmed through documents filed with the New York City Department of Finance’s Office of the City Register, which listed Tesla’s Supercharger Operations division in Palo Alto, California, as the buyer. However, the intended use for this newly leased, larger property remains unspecified.

The property owner, Triangle Equities, which purchased the site for $9.8 million in 2000, had initially planned to demolish the property following the closure of a movie theater in May. However, Tesla’s interest prompted the developer to revise its plans. According to Commercial Observer, which first reported the deal, the site will now undergo renovation to become a two-story facility.

This expansion underscores Tesla’s growing commitment to establishing a stronger presence in New York City’s outer boroughs, particularly in Queens.