EV Realty has secured additional investment from Outpost, a GreenPoint portfolio company, while simultaneously acquiring a strategic industrial property in Stockton, California. These moves strengthen the company’s Powered Properties® network, designed to support medium- and heavy-duty fleet electrification along critical freight corridors. The Stockton site, positioned near major transportation infrastructure in a power-constrained region, will operate as truck parking while plans for a high-power charging hub are finalized.
Highlights
- Strategic Investment: Outpost’s minority stake deepens GreenPoint’s transport infrastructure focus, building on existing US and European electrification investments
- Stockton Acquisition: 4-acre industrial site near I-5, SR-99, Port of Stockton, and intermodal facilities acquired for future charging hub development
- Growing Network: New property joins San Bernardino hub as part of EV Realty and Prologis’ expanding California charging infrastructure
- Strong Backing: Investment follows NGP’s recent $75 million commitment, positioning EV Realty to scale operations across additional markets
Investment Strengthens Transport Infrastructure Focus
GreenPoint’s investment through Outpost represents a deepening commitment to electrification infrastructure. The companies have operated a programmatic real estate joint venture since Q1 2024, with this direct minority investment expanding that relationship. GreenPoint’s portfolio strategy now spans transport infrastructure across North America and Europe through investments in Outpost and Lysara.
“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 Patrick Sullivan, CEO of EV Realty. “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.”
Stockton Property Addresses California Grid Constraints
The newly acquired property at 1549 Industrial Drive occupies 4 acres in Stockton’s industrial corridor. Location advantages include:
- Immediate proximity to Stockton Airport
- Two miles from Interstate 5 and State Route 99
- Five miles from Port of Stockton and San Joaquin Valley intermodal facilities
- Strategic positioning in Northern California’s freight operations hub
The site, purchased from a Dayton Street Partners affiliate, will continue truck and trailer parking operations during the planning phase for charging infrastructure development. This dual-use approach allows revenue generation while navigating California’s challenging power interconnection environment.
Real Estate Strategy Enables Grid-Constrained Market Entry
EV Realty’s acquisition demonstrates its capability to secure both land and power access in California’s most constrained grid markets. The Stockton location addresses a fundamental challenge in fleet electrification: finding properties with adequate power capacity near freight operations.
“This acquisition is a textbook demonstration of EV Realty’s ability to find land and power in one of California’s most constrained grid markets,” said Jenna Halperin, Senior Manager of Real Estate for EV Realty. “Enabling us to advance fleet electrification quickly, efficiently, and at lower cost.”
The company’s Powered Properties® model aggregates multiple fleet customers onto shared infrastructure, reducing per-fleet capital requirements while improving asset utilization. This approach provides dedicated, secure charging solutions at strategic locations near major freight corridors and industrial centers.
Network Expansion Continues Across California
The Stockton acquisition expands EV Realty’s California footprint alongside its existing San Bernardino charging hub. The company operates in partnership with Prologis to develop a network of fleet charging facilities throughout the state. Combined with NGP’s $75 million lead investment commitment, EV Realty’s capital structure supports continued geographic expansion as commercial fleet electrification demand increases.
The company’s investor backing, real estate portfolio, and public-private partnerships position it to serve additional fleet customers and enter new markets as medium- and heavy-duty electric vehicle adoption accelerates across North America’s freight sector.
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