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Ascend Elements Leases 101,000-Square-Foot Building In Devens For World Headquarters And Tech Center
LEASED
+ 1
Massachusetts
See Similar DealsIndustrial101,000 SF
Leased 09/20/2023
LEASED
Ascend Elements Leases 101,000-Square-Foot Building In Devens For World Headquarters And Tech Center
39 Jackson Road
See Similar DealsIndustrial101,000 SF
Leased 09/20/2023
+ 1
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:101,000 SF
Transaction Type:Lease
Ascend Elements, a sustainable lithium-ion battery materials company, has leased a 101,000-square-foot building located at 39 Jackson Road in Devens, Massachusetts. The property will serve as Ascend Elements' world headquarters and tech center, marking the full lease-up of the first phase of the Pathway Devens development.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not provided
- Square Footage: 101,000
- Address: 39 Jackson Road, Devens, MA
- Market: Devens, MA
The landlord of the leased property at 39 Jackson Road is King Street Properties. The tenant, Ascend Elements, was represented by John Carroll III and Kevin Brawley from Colliers International. On the other hand, Alex Plaistead and Brian McKenzie from CBRE represented the landlord in the deal.
Players
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$5,789,259.05
Total Lease Value
$57,892,590.52
Net Landlord Cash Flow$5,789,259.05
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