In the United States, electric vehicles (EV) sales soared in 2016, climbing 37 percent from 2015, according to Inside EV’s. And consumer choice is also increasing as automakers now offer about 30 electric vehicle models. As demand for these vehicles continues to rise, so will the need for electric vehicles charging infrastructure.
Electrify America has committed to invest $2 billion over the next 10 years to build out and strengthen zero emissions vehicle (ZEV) infrastructure across the United States, and the company has contracted JLL to source qualified locations and provide site feasibility studies for this effort. Electrify America’s plans call for the installation of charging sites along high-traffic highway corridors and community-based charging locations in 11 metropolitan areas in the Northeast from Boston to Seattle, across California, and in Texas and Oklahoma.
JLL’s Executive Vice President Walter Wahlfeldt and Senior Vice President Adam Cook are leading the team for site selection and due diligence.
“Electrify America’s investment in zero emission vehicle infrastructure is the largest of its kind ever made and will revolutionize charging infrastructure in the U.S.,” said Wahlfeldt. “We’re currently looking for accessible and regularly trafficked real estate locations that support drivers for the long-term and will keep the network of charging stations sustainable. The stations are brand neutral and are designed to service fast-charge capable EVs now and into the future.”
Electrify America onsite high-speed chargers will drive visibility as a unique property amenity and capture an increasingly larger mix of vehicle drivers as the electric vehicles market share grows.
Electrify America will install, operate and maintain chargers at its sole expense, including new utility service requirements and utility service accounts. JLL is seeking sites with property owners that include but are not limited to: mall REITS, restaurants, retailers, gas stations, mixed-use developments and hotels.
JLL is the largest third party retail property manager in the United States with more than 1,000 centers, totaling 125 million square feet under management, lease and sale. The firm has more than 150 retail brokerage experts spanning 35 markets, representing over 1,000 retail clients. In 2016, JLL’s retail team completed 1,200+ leases on transaction management and lease renewals, generated $65.3 million in savings to clients through restructuring services, negotiated 950+ leases for retailers and 1,200+ leases for landlords and completed more than $5.4 billion of investment sales, dispositions and financing for investors. For more news, videos and research from JLL’s retail team, please visit: www.jllretail.com.
JLL Product and Development Services is a leader in the development, design, construction and branding of commercial real estate projects for the world’s most prominent retailers, corporations, sports facilities, educational institutions, public jurisdictions, healthcare organizations, industrial facilities, hotels and real estate owners. Ranked No. 3 in Building Design + Construction’s 2016 Construction Management Giants survey and No. 5 on Engineering News Record’s 2016 list of Top 100 Construction Management-for-Fee Firms, JLL’s project management team comprises 4,895 project managers across 51 countries and is actively managing $31.1 billion under construction.