Ascend Elements Leases 101,000-Square-Foot Building In Devens For World Headquarters And Tech Center
39 Jackson Road
Building Size
101,000 SF
Asset Type
Industrial
Closing
Sep 20, 2023
AI
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
Poland Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93