PHOENIX, ARIZONA (April 17, 2024) – NAI Horizon facilitated the sale of 16.58 acres on Interstate 10 in Vado, New Mexico. This land sale is a priority acquisition for the buyer, a leading EV charging infrastructure provider, as part of the U.S. Department of Transportation’s Charging and Fueling Infrastructure (CFI) Grant program.
NAI Horizon Executive Vice President Lane Neville and Senior Associate Cole Neville in Phoenix along with NAI 1st Valley Principal Randy McMillan in Las Cruces, New Mexico, represented the seller, Willa Esslinger Farms, LLC in the Vado land sale.
The property is located at the interchange of I-10 and Highway 227 in Vado, New Mexico, approximately halfway between Las Cruces, New Mexico, and El Paso, Texas.
“This land sale in Vado was part of two selected sites in Southern New Mexico, the other location is in Lordsburg, both serving as critical parts of the connected chain of recharging sites from Long Beach, California, to El Paso. The EV charging provider entered a joint application with the New Mexico Department of Transportation (NMDOT) selected to receive $63.8 million total in federal funding for the development of both New Mexico sites. To date, this is one of the largest grant awards in the first round of the CFI funding initiative. These sites are intended for EV charging to a critical freight corridor,” Lane Neville said.
The EV charging station sites in development are each separated by approximately 150 miles, all on the I-10 corridor. The two New Mexico sites will be bringing 20 megawatts of power in phase one, allowing for nine heavy-duty truck pull-through stalls, which will support around 300 trucks a day. Ultimately, the two sites in Southern New Mexico will provide more than 40 megawatts of power for EV recharging, supporting 500 trucks a day.
The leading EV charging infrastructure provider initially announced in 2022 its intention to build this critical I-10 recharging infrastructure, focusing on high-powered charging centers for regional distribution and trucking fleets moving products from the Port of Long Beach, through California, and Arizona to El Paso serving the West Texas market.
The EV fleet charging provider also has seven stations under development and planning in California and two stations in Arizona (Goodyear and Tucson). The New Mexico Department of Transportation selected the EV provider as its project partner in this grant award to deliver the key infrastructure, creating a strong public-private venture to accelerate the transition to zero-emission transportation along the I-10 corridor to achieve net-zero emissions by 2050.
For additional information on remaining industrial, commercial and retail land sale opportunities on I-10 in Vado, New Mexico, contact Lane Neville at lane.neville@naihorizon.com.
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices in Phoenix and Tucson. NAI Horizon is passionate about commercial real estate, providing Brokerage and Property Management Services for local, national, and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 300 offices worldwide. For more information, visit www.naihorizon.com.
About NAI Global
Advisory Services, Leasing, Property Management, Property & Note Sales, and Tenant Representation
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 325 offices strategically located in 65 countries throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,800 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit www.naiglobal.com.
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