JLL selected as real estate advisor to align with A123 System’s long-term growth goals
News release
22 January 2025
A123 Systems appoints JLL to support U.S. expansion with new manufacturing facility
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CHICAGO, Jan. 22, 2025 – JLL announced today that the firm 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 is a developer and manufacturer of lithium iron phosphate batteries and energy storage systems.
As part of the engagement, JLL will support A123 Systems in identifying and securing a real estate solution that expands its North American footprint, which currently includes facilities in Novi, Mich. and Waltham, Mass. 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.”
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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 111,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.