Key Takeaways
EVgo agreed with Brixmor Property Group to add more than 500 fast-charging stalls at at least 90 shopping centers and with Regency Centers to add more than 400 stalls.
EVgo opened its first Tesla Supercharger site on November 5 at a Regency grocery center near downtown Chicago, with 12 stalls that serve Tesla and other vehicles.
EVgo’s third-quarter network averaged 283 kWh per stall per day across 5,530 stalls, and charging network revenue rose 29% to $71.8 million.
A Boston University study found a new fast-charging station raised visits to nearby retailers by about 4%, with the largest effect for food sellers and the first station in an area.
Lease terms on power upgrades, revenue share, stall count and term length decide how much value the owner keeps.
Shopping center landlords are signing portfolio-wide fast-charging agreements because grocery trips last about as long as a charging session and chargers bring more visits to nearby stores. EVgo’s deals with Brixmor and Regency Centers add more than 900 stalls. Owners negotiating similar deals should focus on who pays for power upgrades, how revenue is shared, how many parking spaces are committed and how long the agreement runs.
Nine Hundred Stalls Where People Shop
EVgo plans to install more than 900 new fast-charging stalls at grocery-anchored shopping centers owned by two of the country’s largest retail landlords, according to agreements announced in August and September and highlighted in EVgo’s November 9 earnings report.
Brixmor Property Group signed for more than 500 stalls at at least 90 of its centers, more than a quarter of its portfolio, in Florida, Illinois, Minnesota, New Jersey, Pennsylvania and Texas. Each site will have up to 12 high-power chargers, and the first is planned at Barn Plaza in suburban Philadelphia. The relationship dates to 2016, when EVgo installed its first charger at a Brixmor center in Pleasanton, California. “Expanding EV charging infrastructure across our portfolio enhances convenience, supports growing consumer demand,” said Laura McLaughlin, Brixmor’s vice president of specialty leasing.
Following Brixmor’s lead, Regency Centers agreed to more than 400 stalls at centers in metropolitan areas of Colorado, Florida, Illinois, New Jersey, New York, Pennsylvania, Texas and Virginia, with up to 24 chargers per site. EVgo already operates more than 150 stalls at Regency properties, and the expansion will grow Regency’s charging footprint by more than 20%.
The First Supercharger at a Grocery Center
On November 5, EVgo opened 12 Tesla Supercharger stalls at a Regency grocery center near downtown Chicago. The stalls use Tesla’s Magic Dock, which lets both Tesla and other vehicles charge without an adapter, and they appear in Tesla’s in-car navigation and trip planner. EVgo calls the site the first of hundreds of Supercharger stalls it plans to open, and it expects 500 stalls with the North American Charging Standard (NACS) connector by year-end.
“By serving both Tesla and non-Tesla NACS drivers, we’re doubling EVgo’s addressable market,” said EVgo chief executive Badar Khan. Tesla owners make up the largest group of EV drivers in the country, and a listing in Tesla’s navigation sends them to the host property.
What the Network Numbers Say
EVgo’s third-quarter results show a network gaining use. Revenue reached $91.4 million, and charging network revenue rose 29% to $71.8 million. The network grew 20% to 5,530 stalls, delivered 103 GWh and averaged 283 kWh per stall per day. The company plans a 750 kW charging architecture for 2027 and expects to add 1,075 to 1,275 stalls this year.
Demand is growing steadily. U.S. EV sales reached 262,649 in the third quarter, 6.4% of new-vehicle sales, the highest quarter in a year, according to Cox Automotive. Used EVs are adding drivers too: used EV retail sales hit a record 124,000 in the quarter, and EVs are expected to make up about 16% of off-lease supply in the second half of 2026. Many used EV buyers live in apartments without home charging and depend on public stations.
Why Grocery Centers Work
A grocery run and a fast-charging session take about the same time, and that overlap drives the economics. A Boston University study of Tesla Superchargers found that a new station raised visits to nearby brick-and-mortar retailers by about 4%. The effect was strongest for food sellers, for businesses within a couple hundred meters of the station and for services whose transaction time roughly matches a charging session. The first station in an area delivered a larger benefit than later ones, because drivers tend to keep using the station they learned first.
That first-mover finding gives owners a reason to act. A center that hosts the first fast chargers in its trade area captures the habit; a center that waits competes against it.
The Lease Terms That Matter
Charging agreements vary widely, and the terms decide how much value stays with the property.
Power upgrades. Fast chargers need new utility service, often a dedicated transformer. The agreement should state who pays for upgrades, who owns the equipment and how long utility work is expected to take.
Revenue share. Most network agreements pay the landlord ground rent, a share of charging revenue or both. Owners should ask for reporting on sessions and energy delivered.
Stall count and placement. Charging stalls take parking spaces from other uses. The agreement should fix the number, location and signage and protect co-tenancy and parking ratio requirements in anchor leases.
Term and exit. Network agreements are long-term commitments. Owners should address renewal, equipment removal and what happens if the operator is sold or the site is redeveloped.
Energy management. Demand charges are the largest cost at a fast-charging site. Blink reports a 21% initial cut in demand fees at high-use sites from software that schedules charging. Agreements should say whether the operator may add batteries or load management on the property.
Apartments and Hotels Take a Different Route
Fast chargers fit shopping centers; slower Level 2 chargers fit places where cars park for hours. Canadian operator Hypercharge Networks bought Texas-based REVS Charging for up to $4.75 million in cash and stock, adding more than 500 owned Level 2 ports and about 700 customer-owned ports at multifamily, condominium, hospitality and commercial properties. REVS generates more than C$1 million a year at gross margins above 45%, and the combined network exceeds 10,000 ports in 14 states.
The model is the multifamily version of the EVgo deal: the operator installs and owns the chargers, and the property commits parking spaces and shares revenue. For apartment owners, the decision turns on resident demand, the building’s electrical capacity and whether the operator manages load so chargers do not raise the building’s demand charge.
Prices and Incentives Point to Gradual Growth
The new-car market supports steady growth in charging demand. The average transaction price for a new EV was $55,879 in September, down 3% from a year earlier, according to Kelley Blue Book, while automaker incentives fell to 11% of the price, the lowest level this year. Cox Automotive’s index of wholesale used EV values rose 6.6% from a year earlier in October, ahead of the 2% gain for all used vehicles.
Fuel prices add a push. “With gas prices well above $4 a gallon, electric vehicles look better than ever,” said Stephanie Valdez Streaty of Cox Automotive. Higher-power hardware will change site needs: EVgo’s planned 750 kW architecture for 2027 means faster sessions and larger electrical service at each site, which owners should plan for in parking layouts and utility requests.
Implications, Opportunities and Risks for Owners
Implication: Charging becomes a portfolio decision. Brixmor and Regency signed for dozens of centers at once, which sets a benchmark for terms smaller landlords can cite.
Opportunity: Foot traffic and dwell time. Research links fast chargers to more visits for nearby food and service tenants, a point owners can use in leasing.
Opportunity: Asset-light models. Third-party operators such as EVgo, and multifamily-focused providers such as Hypercharge, install and own equipment, which limits the owner’s capital outlay.
Risk: Operator health. Blink’s third-quarter revenue fell 32%, even as it reached positive adjusted EBITDA. Agreements should protect the owner if an operator restructures.
Risk: Utility timelines. Transformer and service upgrade delays can hold up a site for months, so owners should start utility conversations early.
Frequently Asked Questions
How many fast chargers is EVgo adding at shopping centers?
More than 500 stalls at at least 90 Brixmor centers and more than 400 at Regency Centers properties, according to EVgo.
Do EV chargers increase retail sales?
A Boston University study found that a new fast-charging station increased visits to nearby retailers by about 4%, with the largest effect for food sellers and nearby businesses.
Can Tesla drivers use EVgo chargers?
Yes. EVgo’s Supercharger site in Chicago uses Magic Dock and appears in Tesla navigation, and EVgo expects 500 NACS stalls by year-end.
Who pays for the electrical upgrades for fast chargers?
It depends on the agreement. Owners should negotiate who pays for and owns new utility service and transformers before signing.
Sources
Anadolu Agency. “Higher Fuel Costs Reshape US Used Car Market as EVs Outperform.” Oct. 7, 2026. https://www.aa.com.tr/en/economy/higher-fuel-costs-reshape-us-used-car-market-as-evs-outperform/4081122
Boston University Questrom School of Business. “Impact of Electric Vehicle Charging Station Installation on Foot Traffic at Brick-and-Mortar Retailers.” Sept. 13, 2023. https://insights.bu.edu/impact-of-electric-vehicle-charging-station-installation-on-foot-traffic-at-brick-and-mortar-retailers
Business News Today. “Hypercharge Networks Expands Into U.S. EV Charging Market With Up to US$4.75M REVS Acquisition.” Sept. 29, 2026. https://business-news-today.com/hypercharge-networks-expands-into-u-s-ev-charging-market-with-up-to-us4-75m-revs-acquisition/
Charged EVs. “Canadian EV Charging Operator Hypercharge Expands Its US Presence With Acquisition of REVS Charging.” Oct. 26, 2026. https://chargedevs.com/newswire/canadian-ev-charging-operator-hypercharge-expands-its-us-presence-with-acquisition-of-revs-charging/
Cox Automotive. “Kelley Blue Book Report: Average New-Vehicle Transaction Prices Flirt With All-Time High.” Oct. 13, 2026. https://www.coxautoinc.com/insights/sept-2026-atp-report/
Cox Automotive. “Manheim Used Vehicle Value Index: October 2026 Trends.” Nov. 6, 2026. https://www.coxautoinc.com/insights/manheim-used-vehicle-value-index-october-2026-trends/
Cox Automotive. “Q3 2026 EV Sales Report Commentary.” Oct. 12, 2026. https://coxautoinc.com/insights/q3-2026-ev-sales-report-commentary
EVgo. “EVgo and Brixmor Expand Partnership to Provide More Fast Charging Choices for American Shoppers.” Aug. 3, 2026. https://investors.evgo.com/news-releases/news-release-details/evgo-and-brixmor-expand-partnership-provide-more-fast-charging
EVgo. “EVgo and Regency Expand National Partnership to Bring Fast Charging to More Retail Centers Across the U.S..” Sept. 9, 2026. https://investors.evgo.com/news-releases/news-release-details/evgo-and-regency-expand-national-partnership-bring-fast-charging
EVgo. “EVgo Opens First Supercharger Site as Part of Network Expansion.” Nov. 5, 2026. https://www.evgo.com/press-release/evgo-opens-first-supercharger-site-as-part-of-network-expansion/
U.S. Securities and Exchange Commission. “Blink Charging Co. Form 8-K, Exhibit 99.1: Third Quarter 2026 Results.” Nov. 5, 2026. https://www.sec.gov/Archives/edgar/data/0001429764/000149315226050225/ex99-1.htm
U.S. Securities and Exchange Commission. “EVgo Inc. Form 8-K, Exhibit 99.1: Third Quarter 2026 Results.” Nov. 9, 2026. https://www.sec.gov/Archives/edgar/data/0001821159/000182115926000032/exhibit991evgoearningsrele.htm