CBRE Secures $17.5 Million in Financing for Tesla-leased Facility in Plano

CBRE has secured $17.5 million in acquisition financing for Nestory Park Capital to acquire property on Premier Drive in Plano, Texas. The property is currently leased to Tesla.

Mark McGovern and Morgon Fraser with CBRE Capital Markets’ Debt and Structured Finance team in San Diego secured the five-year term, non-recourse bank loan for the acquisition.

"This property is strategically located in a high-demand area, benefiting from its proximity to major retail centers and strong tenant performance," said McGovern. "The 60,000 sq. ft. building which sits on 13.2 acres of land was completed in October 2024 and is leased to Tesla aligning with their strategy of larger footprint locations to meet market demand.

The property is 20 miles north of Dallas and is close to Interstate 75. Prominent retail centers surround the location, including Lexington Place, Royal Plaza, Creekwalk Village, Colin Creek Mall, H Mart Town Center and Parker Crossing.

Collin County, where the property is located, is the second-fastest growing county regarding domestic migration, making it an ideal location for Tesla's expanded operations.