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USA: First Sale of a Privately Owned Electric Charging Station in the Nation

San Bernardino CA – January 11, 2012 – (RealEstateRama) — Colliers International, the third largest global real estate services organization, has completed an unprecedented sale of a newly developed neighborhood center in San Bernardino, Calif. Built in 2009, Ree-Charge ‘N Go ® is not only anchored by 7-Eleven and T-Mobile but offers charging station that can fuel multiple electric vehicles at once.

According to Mr. Jian Torkan, President of ICO Real Estate Group, Inc. who developed this property, “This is the first privately owned Level III DC Fast Charging station electric charging station that was designed like a gas station, and offering refueling for electric vehicles to the public usage in the United States.”

The sale illustrates the broader movement towards clean energy. Revenue of the Hybrid and Electric Vehicle Manufacturing industry is anticipated to increase 6.3% per year to $4.2 billion in the five years to 2016, according to IBISWorld, the nation’s largest publisher of industry research. Expected growth in oil prices will keep demand high as more consumers switch to hybrid and electric vehicles. Proactive and forward-thinking developers are meeting this upcoming demand wave by building properties that cater to this growing demographic.


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