FREMONT, CA—Pacific Commons South has completed Phase I of construction and the first buildings are slated to open in fall 2020. Overton Moore Properties recently began Phase II, which includes one of the largest individual installations of electric vehicle charging stations at a speculative project in the Bay Area, according to ChargePoint.
More than 275 ChargePoint chargers will be located across the project's 10 buildings encompassing 1.7 million square feet of advanced manufacturing and warehouse space or more than 5% of the total parking stalls within the development. The facility will be located at the intersection of Cushing Parkway, Christy Street and Bunche Drive.
"Fremont is home to one of the largest concentrations of clean energy technology companies and is committed to accelerating adoption of electric vehicles," says Christina Briggs, deputy city manager for the city of Fremont. "We are extremely proud of Pacific Commons South, which is revolutionizing the face of industrial real estate, including its contribution to our city and regional sustainability goals."
Sales of electric vehicles in the United States increased by 80% between 2017 and 2018, and are projected to grow at a rate of nearly 25% annually during the next five years, according to EV-Volumes, InsideEVs and Guidehouse Insights. BloombergNEF's Electric Vehicle Outlook 2020 report forecasts EV sales to represent 28% of global passenger vehicle sales by 2030 and 58% by 2040.
"Installing the EV chargers is meeting the demand from our customers and more importantly, our small contribution to create sustainability through development," notes Timur Tecimer, CEO of Overton Moore Properties.
Overton Moore Properties selected ChargePoint for the large installation based on the company's product portfolio and solutions, specifications, monitoring, maintenance and flexibility.
"ChargePoint is excited to partner with Overton Moore Properties to accelerate the buildout of vital EV charging infrastructure to enable the movement of more people and goods on electricity," says Erik Fogelberg, vice president of sales at ChargePoint. "The Bay Area is a rapidly growing hub for electrified fleets in the last-mile delivery sector, which makes Pacific Commons South the ideal location for business fleets and other electrified transport. Our partners at Overton Moore are trailblazers in implementing large-scale charging infrastructure for a diverse array of use cases. Not only enabling electric fueling for companies eager to find a home that supports their switch to electric fleets, but employees requiring more charging options where they work."
The master-planned business park includes 10 freestanding buildings with ESFR sprinklers, 28- to 36-foot clear heights, dock-high and grade-level loading, 120- to 185-foot truck courts, build-to-suit office space and abundant trailer parking. The project is 100% solar roof capable and includes a 2.5% skylight ratio.
Pacific Commons South also has numerous outdoor dining and break areas, and pedestrian paths around the property. It is located adjacent to Pacific Commons Shopping Center with dozens of restaurants, cafes and retail within walking distance.
Pacific Commons South is currently 60% pre-leased with approximately 678,017 square feet remaining available across six buildings.
"OMP is a forward-thinking developer who is anticipating not just the current needs of industrial users but what will be important to tenants in the years ahead. Pacific Commons South is truly unique in its combination of location, scale and state-of-the-art amenities," notes Rob Shannon, executive vice president in CBRE's San Jose office.
CBRE's Chip Sutherland and Robert Ferraro are working with Shannon to market Pacific Commons South for lease. The leasing team tells GlobeSt.com that the EV stalls are dedicated solely for the facility's employees.
"As an EV car owner, I understand firsthand the value of charging one's vehicle at your place of employment. This capability provides me great flexibility throughout my day," says Shannon.
Founded in 2007, ChargePoint is the world's largest electric vehicle charging network and provider of charging solutions. The company's network includes more than 113,000 places to charge around the world with drivers plugging into the ChargePoint network approximately every two seconds. Approximately 60% of Fortune 50 companies are ChargePoint customers.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
