Glendale-Based Land Development Group Pursued Deal that Will Bring Jobs and Clean Tech Innovation to the Community

PHOENIX, ARIZONA – The Mangat Group, a Glendale-based land development group, announced the closing of a land deal with leading U.S.-based battery developer, KORE Power. The lithium-ion battery manufacturer plans to build KOREPlex, a two million-square-foot lithium-ion battery manufacturing facility, on the 214 acres located on State Route 85 and Baseline Road in Buckeye, Ariz.

Tony Mangat, the founder of The Mangat Group, first purchased the property in December 2020 with the hopes of finding a buyer who would use it to support the community., Despite receiving higher offers, Mangat’s discussions with KORE Power led to confidence that the project will drive positive economic development.

“This new battery facility is for the greatest good for the community,” says Mangat. “KORE Power will provide multiple job opportunities for local residents, especially as the city continues to grow. A large employer like KORE Power allows residents to cut their commute, creating a more sustainable, affordable, and convenient lifestyle, and further advancing sustainability efforts.”

According to KORE, the company plans to have about 3,000 employees at full annual production. The project is expected to generate approximately 10,000 indirect jobs for the city of Buckeye.

”The KOREPlex project will cement Buckeye’s position as a leader in cleantech as our highly trained employees deliver the battery cells that will form the backbone of the green economy across the United States and the globe,” said Lindsay Gorrill, Founder and CEO of KORE Power.

KORE’s battery manufacturing facility is just one piece of Buckeye’s sustainability goals and industrial growth. The facility is part of a much bigger initiative known as the Sustainable Valley, an area to be used to attract other green energy companies.

“Buckeye is proud to be emerging as a leader in green energy, with KORE Power leading the way,” said Buckeye Mayor Eric Orsborn. “The opportunities for additional, clean energy companies relocating along the SR 85 Corridor, around the Buckeye Municipal Airport, and in our downtown core are endless. Buckeye provides many benefits to sustainable industries, including a strategic location with available sites, efficient and cost-effective transportation options, and high quality of life. The city would also like to thank Mr. Mangat for his time and efforts in bringing KORE Power to Buckeye. His commitment to the project ensures the Sustainable Valley becomes a reality.”

For more information about The Mangat Group, please visit www.mangatgroupinvestment.com.

MARANA, ARIZONA – AMH Linda Vista Development TRS, LLC dba American Homes 4 Rent (Shawn Chlarson, Tucson Director of Land Acquisition) has completed the acquisition of 155-acres at Linda Vista Village at Cascada in Marana for $6.75 million. Located off Twin Peaks on Linda Vista adjacent to the Tucson Premium Outlet Center in Marana.

The seller, Pacific International Properties of Tucson (Larry Kreis, Project Manager) had the vision for a mixed-use specific plan at Cascada when they acquired 1,480 acres here.

The preliminary plat shows 387 P&E lots with additional land designated for commercial use. American Homes 4 Rent (AMH) plans to re-plat for 441 SFR lots in various stages of platting in place, either block platted, tentative platted or preliminary platted to move forward. Lots will be a mixture of 35’ – 60’ wides. The project represents the largest single-family rental home community in metro Tucson.

“American Homes 4 Rent is deeply committed to meeting the needs of local residents in the Tucson metro area by introducing its highly desirable, well-located single-family rental communities. We’re proud to be the highest ranked U.S. builder solely focused on single-family rental homes with a goal of upgrading the quality of this product class and offering an additional choice for households.”

In metro Tucson, the company has already 537 homes – these are homes acquired as part of a traditional portfolio, in addition to new home developments like Linda Vista Village.

Since 2012, American Homes 4 Rent has become one of the top residential leasing companies in the nation, with a mission to make renting your ideal home easy and accessible. The company offers more than 55,000 single-family homes across 22 states, with 200,000 residents enjoying the flexibility of living mortgage-free.

Located in vibrant neighborhoods near schooling, the beautiful houses are move-in ready, easy to maintain and pet-friendly. A streamlined rental process empowers people to tour a home, apply and receive a lease for signature all within a lunch break. Once you’ve moved in, your experience further simplified through innovative technology and customer solutions, that takes care of maintenance, so you don’t have to.

Amenities at Linda Vista Village will have a top-of-the-line (referred to as Tier 5 at AMH) with a 6,000-square-foot amenity center planned that includes a pool complex, basketball court, playlot, fitness center, yoga room, co-working spaces, private offices, club room with kitchen, and covered porch and hiking trails.

Other communities in Tucson for American Homes 4 Rent include:

• Remington Ranch, Marana – we own a large lot supply north of Gladden Farms; with a Tier 5 amenity center planned;
• La Estancia, City of Tucson – approximately 295 lots and a planned Tier 5 amenity center;
• Escalera (State Land Parcel), City of Tucson –AMH was the successful bidder of the state’s auction for sole right to purchase approximately 215 lots back in August; also a Tier 5 amenity center planned

Dan Feig with Chapman Lindsey Commercial Real Estate Services of Tucson represented the seller in the Linda Vista Village transaction.