EV Realty develops, owns and operates commercial EV charging hubs strategically located near major freight corridors and industrial centers. Outpost, a GreenPoint portfolio company, operates a national network of 25 truck terminals and drop yards
Now Outpost has contributed assets for a direct minority investment in EV Realty. “This additional investment positions EV Realty to continue scaling its Powered Properties portfolio to enable trucking fleet electrification along key freight corridors,” the company tells us.
Meanwhile, EV Realty has acquired an industrial property in Stockton, California that is strategically located for freight and logistics operations in a rapidly-growing, power-constrained region of Northern California.
The latest addition to EV Realty’s logistics hub portfolio is a four-acre truck parking and trailer storage yard located just north of the Stockton Airport, within two miles of both I-5 and SR-99, and just five miles from the Port of Stockton and the San Joaquin Valley’s intermodal facilities. EV Realty is finalizing plans to develop a large-scale, high-power, grid-connected charging hub for medium- and heavy-duty commercial trucks at the site.
“A thoughtful approach to real estate acquisition and development is an important part of EV Realty’s Powered Properties strategy for meeting fleet charging needs,” said Jenna Halperin, Senior Manager, Real Estate for EV Realty. “This acquisition is a textbook demonstration of EV Realty’s ability to find land and power in one of California’s most constrained grid markets.”
Source: EV Realty
