RESTON, Va., April 24, 2019 /PRNewswire/ -- Electrify
America today announced collaboration with nine additional
companies to host more than 30 ultra-fast electric vehicle charging
stations across the U.S. The companies, ranging from popular
grocery store chains to retail shopping centers, will help expand
the availability of electric vehicle DC fast charging for customers
who drive or are considering purchasing a zero-emissions
vehicle.
Electrify America's charging stations will be installed at a
variety of locations including leading grocery chains Kroger and
The Save Mart Companies; real estate investment trusts (REIT)
including Federal Realty Investment Trust, Fulcrum Property,
ShopCore Properties, ValueRock Realty Partners, The Macerich
Company and Washington Prime Group; and Pan-Cal Corporation, a real
estate development and investment company.
More than 20 of the new charging sites will be located in
California. Other charging sites
will be built at locations in six additional states including
Illinois, Maryland, Massachusetts, New
York, Virginia and
Washington.
"Electrify America is excited to work with this diverse set of
companies as we accelerate the pace of electric vehicle charging
station installations across the country," said Rachel Moses, senior manager site acquisition
and development at Electrify America. "We thoughtfully select
locations for our charging stations to offer customers convenience
and access to additional amenities, and believe that these new
locations will appeal to a wide range of existing and future
electric vehicle owners."
Electrify America plans to install or have under development 484
charging station sites featuring more than 2,000 ultra-fast
chargers by July 2019. In the first two phases of the
company's investments ending December 31,
2021, Electrify America's DC fast charging stations are
expected to be located in 29 metro areas, along high-traffic
corridors in 46 states including the District of Columbia and two cross-country
routes. The company is investing $2
billion over ten years in electric vehicle infrastructure
and education.
With a focus on both future and present-day electric vehicles,
Electrify America's chargers range in power from 150 kilowatts (kW)
up to 350kW, which can charge capable vehicles at speeds up to 20
miles per minute. The chargers are also compatible with many of
today's electric vehicles that are capable of charging at speeds up
to 150kW.
About Electrify America
Electrify America LLC, a
wholly-owned subsidiary of Volkswagen Group of America
headquartered in Reston, VA and
with an office in Pasadena, CA, is
investing $2 billion over 10 years in
Zero Emission Vehicle (ZEV) infrastructure, education and access.
The investment will enable millions of Americans to discover the
benefits of electric driving and support the build-out of a
nationwide network of workplace, community and highway chargers
that are convenient and reliable. For more information, visit
www.electrifyamerica.com.
About Federal Realty
Federal Realty is a recognized
leader in the ownership, operation and redevelopment of
high-quality retail based properties located primarily in major
coastal markets from Washington,
D.C. to Boston as well as
San Francisco and Los Angeles. Founded in 1962, Federal Realty's
mission is to deliver long term, sustainable growth through
investing in densely populated, affluent communities where retail
demand exceeds supply. Its expertise includes creating urban,
mixed-use neighborhoods like Santana
Row in San Jose,
California, Pike & Rose in North Bethesda, Maryland and Assembly Row in
Somerville, Massachusetts. These
unique and vibrant environments that combine shopping, dining,
living and working provide a destination experience valued by their
respective communities. Federal Realty's 104 properties include
approximately 3,000 tenants, in 24 million square feet, and over
2,600 residential units. Federal Realty has increased its
quarterly dividends to its shareholders for 51 consecutive years,
the longest record in the REIT industry. Federal Realty is an
S&P 500 index member and its shares are traded on the NYSE
under the symbol FRT. For additional information about Federal
Realty and its properties, visit www.FederalRealty.com.
About Fulcrum Property
As an award-winning real estate
development and investment firm, Fulcrum Property is committed to
creating innovative projects in Northern
California. Founded in 1962, Fulcrum forged an early
reputation for renovating and developing retail properties. Over
time, Fulcrum has evolved into a full-spectrum firm experienced in
retail, office and mixed-use development. Fulcrum promotes
thoughtful design that answers the diverse needs of tenants and the
community, resulting in vibrant, engaging places that people are
drawn to time and again. Fulcrum delivers architecturally
distinctive projects that influence the way people work, shop, and
live. They anchor their properties in sustainable design principles
that bring aesthetic, social, and economic value to the tenants and
communities they serve. Guiding their work is a commitment to
tackle some of the most urgent and challenging problems facing
cities today – the revitalization of urban cores, the reuse of
aging buildings and the creation of new community centers. Through
collaboration with leading architects, engineers, and civic
leaders, Fulcrum incorporates the most innovative ideas into each
development."
About Kroger
https://www.thekrogerco.com/
About The Macerich Company
Macerich (NYSE: MAC), an
S&P 500 company, is a fully integrated self-managed and
self-administered real estate investment trust, which focuses on
the acquisition, leasing, management, development and redevelopment
of regional malls throughout the United States. Macerich
currently owns 51 million square feet of real estate consisting
primarily of interests in 47 regional shopping centers. Macerich
specializes in successful retail properties in many of the
country's most attractive, densely populated markets with
significant presence on the West Coast and in Arizona, Chicago and the Metro New York to Washington, D.C. corridor. A recognized leader
in sustainability, Macerich has earned Nareit's prestigious "Leader
in the Light" award every year from 2014-2018. For the fourth
straight year in 2018 Macerich achieved the #1 GRESB ranking in the
North American Retail Sector, among many other environmental
accomplishments. Additional information about Macerich can be
obtained from the Company's website at www.macerich.com.
About Pan-Cal Corporation
Pan-Cal Corporation is a
real estate development and investment company headquartered in
San Jose, California. Since 1978,
Pan-Cal has developed and built over 1000 homes, and has an
investment portfolio consisting of retail shopping centers, office
buildings, and multi-family buildings across the San Francisco Bay Area.
About The Save Mart Companies
Based in the heart of
the Central Valley, The Save Mart
Companies is committed to sourcing a wide variety of local products
to communities throughout California and Northern Nevada. The company operates 208
traditional and price impact stores under the banners of Save Mart,
Lucky, FoodMaxx, S-Mart Foods, and MaxxValue Foods. In addition to
its retail operation, the company also operates Smart Refrigerated
Transport and is a partner in Super Store Industries (SSI), which
owns and operates a distribution center in Lathrop and the Sunnyside Farms dairy
processing plant in Turlock. For
more information on the company, please visit:
www.TheSaveMartCompanies.com.
About ShopCore Properties
ShopCore Properties owns and
operates over 24 million square feet of retail space across the US.
Their assets are concentrated in densely populated markets and are
anchored by best-in-class retailers. They currently have
significant holdings
in California, Florida, Texas, New
York and Pennsylvania.
About ValueRock Realty Partners
ValueRock Realty
Partners is one of the nation's leading retail and mixed-use real
estate investment and operating companies. The ValueRock
Realty executive team and its partners leverage their investment
acumen and operating expertise to develop the most creative
strategy to generate the highest potential returns for an
investment with minimal levels of risk. The executive team at
ValueRock is involved in every aspect of the investment process
including development, initial acquisition, appropriate
capitalization, execution of the business plan, day-to-day
operations and ultimately, positioning the property for sale or
recapitalization. The executive team has been involved in over
$30 billion of transactions and have
successfully led the acquisition of individual properties as well
as entire investment portfolios.
About Washington Prime Group
Washington Prime Group
Inc. (NYSE: WPG) is a retail REIT and a recognized leader in the
ownership, management, acquisition and development of retail
properties. The Company combines a national real estate portfolio
with its expertise across the entire shopping center sector to
increase cash flow through rigorous management of assets and
provide new opportunities to retailers looking for growth
throughout the U.S. Washington Prime Group® is a registered
trademark of the Company. Learn more at
www.washingtonprime.com.
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SOURCE Electrify America, LLC