EV Realty has acquired a new industrial property in Stockton, California, that it plans to develop into another charging hub for medium- and heavy-duty commercial trucks. This announcement comes after Outpost, a GreenPoint portfolio company, has also contributed to EV Realty for a direct minority investment in the company.
“EV Realty, our investors, and our project partners continue to see compelling opportunities to create value by serving the charging and logistics needs of fleet operators,” said EV Realty CEO Patrick Sullivan. “Today’s announcements are important milestones in our shared mission to electrify trucking and help forward-looking fleets successfully compete in a rapidly evolving market.”
The site EV Realty is looking to develop is a four-acre truck parking and trailer storage yard located at 1549 Industrial Dr. in Stockton, California. It is immediately north of Stockton Airport and within two miles of I-5 and SR-99, and five miles from the Port of Stockton and San Joaquin Valley’s intermodal facilities. While EV Realty works on its plans to develop a large-scale, high-power grid-connected charging hub, it will continue to operate the site for truck and trailer parking.
The location was purchased from an affiliate of Dayton Street Partners.
