IAMC News Briefs—Week of April 3, 2023
By John Salustri
PR NEWSWIRE—Shell USA has completed its purchase of Volta, one of the country’s largest public producers of EV charging networks. The all-cash deal was valued at $169 million and delivers more than 3,000 charging points to the energy company. In addition, there’s a pipeline of more than 3,400 more points. "We want to make charging as convenient as possible for our customers," said István Kapitány, EVP of Shell Mobility, in a statement. "Beyond providing a charging service, Volta specializes in generating advertising revenues from screens embedded into the charge point, adding a source of non-fuel revenue from sites both in the U.S. and globally."
https://www.prnewswire.com/news-releases/shell-usa-inc-finalizes-acquisition-of-volta-inc-scaling-up-its-us-public-electric-vehicle-charging-network-301787035.html
SUPPLY CHAIN DIVE—Major upgrades in the technology and acceptance of drones are called for, says a Supply Chain report. “Otherwise, it will take much longer for drones to deliver on the hype and become as ubiquitous in neighborhoods as delivery vans are.” Delivery density, increased range, response speed and pilot control over multiple drones are just some of the ways droning companies can lower operating costs and live up to the above-mentioned hype.
https://www.supplychaindive.com/news/drone-companies-delivery-goals-wing-zipline/645470/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202023-03-30%20Supply%20Chain%20Dive%20%5Bissue:49204%5D&utm_term=Supply%20Chain%20Dive
GLOBEST.COM—Between $106 billion and $177 billion is GlobalData’s prediction for the growth of so-called gigafactories through 2030. Further, while there were only 66 EV plants in 2020, that number will grow to 155 by 2030. If the industrial market maintains the growth it’s experienced over the past three years, and folding in the rise of EV plants, YardiMatrix predicts that as much as 370 million feet of new industrial space will be needed annually. This will tally to 1.8 billion feet by 2026.
https://www.globest.com/2023/04/04/ev-industry-set-to-drive-demand-for-industrial-real-estate/
RE JOURNALS—Eagle Foods has a new Midwest distribution hub now that it has inked a lease for 285,000 square feet in Kenosha, WI. The deal, negotiated by Colliers, is for space at 94 Logistics Park there. Eagle will take half of Building 7, which features 36-foot clear heights, 62 docks and a 75-foot speed bay. Colliers also spoke for the developer, Logistics Property Co.
https://rejournals.com/eagle-foods-signs-287000-square-foot-lease-in-kenosha/
COMMERCIAL PROPERTY EXECUTIVE—When Linden, NJ’s newest industrial asset comes to completion this August, it will provide a new home for CODA Logistics and Distribution, which has signed for 321,765 square feet there. CenterPoint Properties purchased the 21-acre site for $31.5 million back in 2021. The new facility, which will serve as CODA’s local area warehouse, offers 62 loading docks, 89 trailer parking spots and 40-foot clear heights. KBC Advisors spoke for CODA, while Cushman & Wakefield represented the owner.
https://www.commercialsearch.com/news/centerpoint-secures-tenant-for-new-jersey-project/