Link Logistics was featured in a report by The Wall Street Journal about how renewable energy companies are driving growth for industrial real estate.
“Solar has been around taking space for a long time,” Link CEO Luke Petherbridge told the news outlet. “But what we’ve seen more recently is significant acceleration of EV demand as well as batteries and other energy transition technology.”
The Wall Street Journal article details how renewable energy companies are leasing more industrial real estate space in the U.S. to manufacture solar panels, electric vehicles and EV batteries as well as build out their supply chains. Across the U.S., companies involved in the manufacturing and distribution of EVs and EV parts “more than doubled their leasing in the first quarter of the year compared with the same period last year,” the Journal reports, citing data from CBRE.
Petherbridge added that Link recently leased approximately 2 million square feet to companies that make technology such as EV batteries and wind turbines.
You can read the full Wall Street Journal report here.
About Link Logistics
Link Logistics is the largest U.S.-only owner and operator of last-mile industrial real estate. The Company, established in 2019 by Blackstone, operates the largest portfolio of logistics real estate assets located exclusively in the U.S. As of June 30, 2023, Link Logistics owns, has interests in, or has under development logistics facilities across key distribution markets in the U.S. that will represent a total of 535 million square feet when completed and serves more than 10,000 customers. Link Logistics has the scale, geographic footprint and logistics expertise, as well as a heightened focus on sustainability, to drive value for our customers and stakeholders. For more information regarding the Company, please visit www.linklogistics.com.