LIVERMORE (KCBS) — Tesla Motors is expanding into Livermore as the electric car maker ramps up production on two new models.

The company has leased two buildings, totaling more than a million square feet of space in the Oaks Logistics Center near the Livermore Airport.

READ MORE: 'The Father Is A Hero'; Oakland Man, 1-Year-Old Daughter Die In Horrific Arson Fire

The buildings are part of a 72-acre industrial complex that is slated for completion this year.

READ MORE: Historic Photos: Remembering The 1906 San Francisco Great Earthquake

Livermore Mayor Stewart Gary told KPIX 5 he is “thrilled” to have Tesla in town.

The lease comes at a time when Tesla is ramping up production of its less expensive Model 3 sedan and the new Model X crossover.

MORE NEWS: Vandals Smear Chauvin Defense Witness' Former Santa Rosa Home With Pig's Blood

More than 325,000 orders were placed for the Model 3 sedan when the company began taking pre-orders earlier this year.  The sedan will sell for an average of $42,000.