Phoenix developer buys former KORE Power battery plant site in Buckeye

Article originally posted on Phoenix Business Journal on January 7, 2026

The site where KORE Power had previously planned to build a massive battery manufacturing campus in Buckeye before pulling the plug has a new owner.

Phoenix-based Tratt Properties acquired the roughly 214-acre site off Baseline Road and State Route 85 on Dec. 31 for $32.5 million, according to Tempe-based real estate database Vizzda LLC.

Tratt, which is an industrial developer and investment company, previously eyed the site and actually had it in escrow before KORE Power scooped it up, said Tony Hammond with Tratt. The developer does not have a new user in tow or plans for a spec industrial project on the site yet but is hoping to solidify a commitment from another similar manufacturing user.

“Right now it’s about getting control of the site, and we’re very bullish on the site,” Hammond said.

A year ago, KORE Power – headquartered in Coeur d’Alene, Idaho – announced it was nixing plans to build a $1 billion lithium-ion battery manufacturing plant after failing to meet financing and construction milestones. The plant, called the KOREPlex, would’ve amounted to over 2 million square feet, and brought around 3,000 new jobs to Buckeye, becoming the city’s largest employer.

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