Federal Realty Partners With Car Charging Group to Install Electric Vehicle Charging Stations at Retail Sites Nationwide
deral Realty Investment Trust (NYSE: FRT) today announced that it has partnered with Car Charging Group, Inc. (OTCBB: CCGI), a provider of electric vehicle (EV) charging services, to install electric vehicle (EV) charging stations across Federal Realty's portfolio of 18.6 million square feet of high quality retail assets in strategically selected metropolitan markets in the Northeast, Mid-Atlantic and California.
"Besides the obvious environmental benefits, a big advantage of electric cars will be the ability to conveniently charge your vehicle when you're already stopped somewhere on your daily routine," said Michael D. Farkas, chief executive officer of Car Charging Group. "Because of its prime locations across the nation, Federal Realty's unique retail and mixed use destinations serve as popular gathering places within their communities, making them perfect locations to top off your EV battery while you shop or dine."
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