CBL Properties and Volta Partner to Bring EV Charging Stations to Select Properties
November 19 2021 - 10:00AM
Business Wire
This partnership underscores CBL’s commitment
to sustainability and providing valuable customer amenities
CBL Properties (NYSE: CBL) and Volta Inc. (“Volta”), an industry
leader in commerce-centric electric vehicle (“EV”) charging
networks, have partnered to offer EV charging at select CBL
properties.
“We’re thrilled to announce this new partnership with Volta to
add EV charging stations at our properties,” said Stephen D.
Lebovitz, chief executive officer at CBL Properties. “We have seen
increased interest in EV charging stations as sales of electric
vehicles have increased. This is an additional amenity that we can
offer our tenants and customers and is another example of our focus
on sustainability across our portfolio.”
Founded on the premise that the electrification of mobility is
likely to be a transformational shift, Volta builds and operates a
nationwide EV charging network that has among the best utilization
per station in the EV charging industry for the United States.
Centered around capturing new spending habits expected to result
from the shift to electric vehicles, Volta seeks to transform the
fueling industry by building charging stations in locations where
drivers spend their time and money, including grocery stores,
pharmacies, and other retail locations.
New Volta charging stations will be installed at Arbor Place in
Atlanta, Georgia, Pearland Town Center in Houston, Texas, and
Laurel Park Place in Detroit, Michigan, with an opportunity to
expand to additional properties in the future. Construction on the
stations is currently underway and they will be operational in the
next few months. CBL currently has 72 EV charging stations at
properties across its portfolio.
About Volta Volta Inc. (NYSE: VLTA) is an industry leader
in commerce-centric EV charging networks. Volta’s vision is to
build EV charging networks that capitalize on and catalyze the
shift from combustion-powered miles to electric miles by placing
stations where consumers live, work, shop and play. By leveraging a
data-driven understanding of driver behavior to deliver EV charging
solutions that fit seamlessly into drivers’ daily routines, Volta’s
goal is to benefit consumers, brands and real-estate locations
while helping to build the infrastructure of the future. As part of
Volta’s unique EV charging offering, its stations allow it to
enhance its site hosts’ and strategic partners’ core commercial
interests, creating a new means for them to benefit from the
transformative shift to electric mobility. To learn more, visit
www.voltacharging.com.
About CBL Properties Headquartered in Chattanooga, TN,
CBL Properties owns and manages a national portfolio of
market‑dominant properties located in dynamic and growing
communities. CBL’s portfolio is comprised of 99 properties totaling
63.0 million square feet across 24 states, including 61
high-quality enclosed, outlet and open-air retail centers and five
properties managed for third parties. CBL seeks to continuously
strengthen its company and portfolio through active management,
aggressive leasing and profitable reinvestment in its properties.
For more information visit cblproperties.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20211119005206/en/
Investor Contact: Katie Reinsmidt, EVP & Chief Investment
Officer, 423.490.8301, Katie.Reinsmidt@cblproperties.com Media
Contact: Stacey Keating, Vice President, Corporate Communications,
423.490.8361, Stacey.Keating@cblproperties.com
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