11 Millpond Drive in Lafayette — Courtesy: NAI James E. Hanson
By Joshua Burd
An electric sports car manufacturer is moving from Spain to Sussex County after leasing more than 10,000 square feet of industrial flex space in Lafayette Township.
According to NAI James E. Hanson, which brokered the transaction, Cobera Automotive Inc. will use its new home to begin manufacturing in the U.S. It’s leasing the full 10,200-square-foot building at 11 Millpond Drive, securing an adaptable location at the corner of Route 94.
NAI Hanson’s John Schilp represented both the landlord, 11 Millpond Drive LLC, and the tenant. He noted that Cobra Automotive has more than 20 years of experience in designing and building light-sport aircraft, drones and automobiles that combine technology, clean energy and stylish designs.
Meantime, its new building has a ridgeline height of 31 feet and wall heights of 18 feet, according to a news release. It also has three 14-foot drive-in doors, with one containing a hydraulic lift gate and two 12-foot drive-in doors.
“When marketing a property, it’s critical that you highlight the principal features that serve prospective tenants’ needs,” Schilp said. “11 Millpond Drive’s loading options and ceiling height can fit the needs of a variety of tenants, which is ultimately why it stood out to a unique tenant who was in search of space to establish an electric sports car manufacturing facility in the United States. We’re proud to have provided the real estate services needed to finalize a deal and wish Cobera Automotive the best of luck at their new home in Lafayette.”
