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33 Jackson Road
LEASED

Electric Hydrogen Leases 187K SF Space In Devens, MA From King Street

33 Jackson Road

Industrial
187,000 SF
clock iconLeased 1 year ago
Brian McKenzie
Curtis Cole
Kevin Hanna
+ 3
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Summary

Lease
MASSACHUSETTS
Industrial
187,000 sqft

Cleantech company Electric Hydrogen (EH2) has signed a lease for a 187,000 square foot facility, located at 33 Jackson Road in Devens, Massachusetts. The company is set to open the largest electrolyzer factory in the world at this location.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not provided
  • Address: 33 Jackson Road, Devens, MA
  • Market: Devens, MA
  • Asking Rent: $15/ft.
  • Square Footage: 187,000 SF

The landlord for this lease agreement is King Street Properties. Electric Hydrogen is represented by Kevin Hanna, Curtis Cole, and Matt Davis from Colliers. On the other side, Brian McKenzie and Alex Plaistead from CBRE represent the landlord, King Street Properties.

Electric Hydrogen has secured $198 million in funding from major companies, including Amazon and Honeywell. With this investment, EH2 plans to hire 70 new full-time employees, in addition to the 15 existing employees who will be relocating to the Devens site. The Natick-based company specializes in green hydrogen technology.

Players

  • All

    7

  • Agents

    5

  • Agencies

    2

Brian McKenzie's profile picture
Brian McKenzie
CBRE-image
Executive Vice President
$20.5M Sold
Curtis Cole's profile picture
Kevin Hanna's profile picture
Alex Plaisted's profile picture
Matt Davis's profile picture

Details

Deal Summary
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LEASED
IMAGE: Curtis Cole, Alex Plaistead, Kevin Hanna & Brian McKenzie DATE: 05/04/2023 ADDRESS: 33 Jackson Road MARKET: Devens, MA ASSET TYPE: Industrial LANDLORD: King Street Properties TENANT: Electric Hydrogen LANDLORD'S REP: Brian McKenzie & Alex Plaistead - CBRE (@CBRE) TENANT'S REP: Kevin Hanna, Curtis Cole & Matt Davis - Colliers (@ColliersInternational) ASKING RENT: $15/ft. ~ SF: 187,000 NOTE: Electric Hydrogen (EH2), a Natick-based cleantech company specializing in green hydrogen, has signed a 187K SF lease to open the largest electrolyzer factory in the world in Devens, Massachusetts. The company raised $198M from major companies, including Amazon and Honeywell, and plans to hire 70 new full-time employees on top of the 15 existing employees that will move to the site.

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Address33 Jackson Road

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