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Regency Centers Installs Electric Vehicle Charging Stations in Six States

 

Press Contacts:                                                        Scott Prigge

Bonnie Hayflick                                                         SVP, National Property Operations

The Hoffman Agency                                                 Regency Centers

 

 

Regency Centers Installs Electric Vehicle Charging Stations in Six States

JACKSONVILLE, Fla. – March 22, 2012 – Regency Centers (NYSE: REG) announces the installation of electric vehicle (EV) charging stations at select grocery-anchored and community shopping centers in Arizona, California, Oregon, Tennessee, Texas and D.C. 

Regency is partnering with ECOtality, Inc., a leader in clean electric transportation and storage technologies, to install Blink^® Level 2 electric vehicle (EV) charging stations at 19 shopping centers.  Regency’s roll-out is part of The EV Project, the largest national deployment of commercial and residential charging stations in major U.S. cities and metropolitan areas.  The goal of The EV Project is to collect data on electric vehicle use, evaluate the effectiveness of EV charging infrastructure and evaluate revenue systems for commercial and public charging stations.

“The EV stations provide an added shopper convenience, demonstrate and encourage a commitment to the environment, and generate a potential future revenue stream,” said Scott Prigge, senior vice president of national property operations for Regency Centers. 

According to Mark Peternell, Regency’s vice president of sustainability, “Regency is utilizing The EV Project to assess the viability and consumer demand for providing EV chargers at additional shopping centers.  Going forward, Regency will install additional chargers in its portfolio based upon consumer demand, if the pilot program results demonstrate that it makes sound financial sense.” 

“Our goal has been to deploy a network of chargers that are conveniently placed where consumers work, shop and play—and aligning ourselves with major property owners is a key part of achieving that goal,” said Colin Read, VP of Corporate Development at ECOtality. “We are excited to work with a forward-thinking company like Regency to deploy chargers nationwide and understand the true business case and value of offering commercial EV charging access to their customers.”

Regency’s sustainability program, greengenuity^®, utilizes best practices in green building design, construction, operations and maintenance to reduce long-term operating costs and environmental impact of shopping centers.  Current initiatives include smart irrigation, networked lighting, LED parking lot lights, solar power and innovative stormwater management systems.

 

About Regency Centers

Regency Centers is the leading national owner, operator, and developer of grocery-anchored and community shopping centers.  As of Dec. 31, 2011, the Company owned 364 retail properties, including those held in co-investment partnerships. Including tenant-owned square footage, the portfolio encompassed 49.5 million square feet located in top markets throughout the United States.  Since 2000, Regency has developed 205 shopping centers, including those currently in-process, representing an investment at completion of $3.0 billion.  Operating as a fully integrated real estate company, Regency is a qualified real estate investment trust that is self-administered and self-managed.

About ECOtality, Inc.

ECOtality, Inc. (NASDAQ:ECTY), headquartered in San Francisco, Calif., is a leader in clean electric transportation and storage technologies. Through innovation, acquisitions, and strategic partnerships, ECOtality accelerates the market applicability of advanced electric technologies to replace carbon-based fuels. For more information about ECOtality, Inc., please visit www.ecotality.com.

Contact:
Bonnie Hayflick
The Hoffman Agency
904.398.9663
bhayflick@thehoffmanagency.com