Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
JLL Selected as Advisor for A123 Systems’ New Manufacturing Facility
JLL has been appointed as the real estate advisor for A123 Systems’ planned U.S. manufacturing facility, which will be the company’s third North American location. A123 Systems develops and manufactures lithium iron phosphate batteries and energy storage systems.
JLL will support A123 Systems in identifying and securing a real estate solution that expands its North American footprint, including facilities in Novi, Michigan and Waltham, Massachusetts. The JLL team will also assist A123 Systems in selecting, negotiating and documenting the transaction, ensuring the new facility aligns with the company’s long-term operational goals and growth strategy.
“The addition of a new U.S. manufacturing facility reflects our commitment to supporting our customers and meeting the growing market demand for clean energy solutions,” said Dr. Fanqun Li, General Manager of A123 Systems. “Partnering with JLL, whose proven expertise in real estate strategy will be instrumental, ensures we identify the ideal location to support our North American supplier base and workforce.”