Snell & Wilmer Represents Lucid Motors in 1,400 Acre Expansion DealAugust 23, 2022
PHOENIX – Snell & Wilmer represented Lucid Group, Inc. (Lucid Motors), a Newark, California-based company as sole outside counsel in its acquisition, development and lease agreements with various third-party owners, Pinal County and the City of Casa Grande for an additional 1,400 acres. The new agreements will allow Lucid to expand its production facility located in Casa Grande, Arizona, bringing Lucid’s production site to about 2,000 acres overall and could allow the company to hire more than 6,000 people at full buildout as recently reported.
“As we seek to expand our product offerings globally, we must continue to grow here in Arizona, and we frankly require additional space to do so. It’s worth emphasizing we see this investment as securing the county’s future as a national leader in vehicle electrification. As we expand, so too do the opportunities for a significant supplier network as well as our own operations to grow with us,” said Daniel Witt, Lucid’s head of state and local public policy, at the Pinal County Board of Supervisor meeting where the lease was approved as reported in a recent article. Lucid Group Inc. is an automotive company focused on designing, developing, manufacturing and selling electric vehicles (EV), EV powertrains and battery systems in-house using its own equipment and factory.
Brett J. Rufer led the Snell & Wilmer team advising Lucid in the deal with the assistance of Christina Jutzi, and paralegals Pat Steiner and Rachel Lincoln. Brett and Snell & Wilmer also represented Lucid Motors in connection with the initial acquisition of its AMP1 facility in Casa Grande in 2018.
Snell & Wilmer’s real estate attorneys provide a comprehensive approach to legal services for the real estate industry. Our attorneys assist with real estate projects that range in size from single-tract transactions to multi-use developments and planned communities covering thousands of acres. Working closely with our clients, we strive to accomplish their goals and protect their business interests. Our attorneys have the industry knowledge and experience to negotiate and document real property acquisitions and dispositions and assist clients in conducting due diligence investigations in connection with these transactions. Depending on our clients’ needs with a specific project, we routinely conduct investigations and reviews involving title, land use, zoning, leasing and other contractual obligations that impact development. We also have a sizable team of attorneys experienced in environmentally challenging redevelopment matters. We frequently represent companies involved in the acquisition and disposition of a wide array of real estate projects, including master-planned communities and subdivisions as well as office, industrial, retail, mixed use and medical projects.