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

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.