BOSTON — King Street Properties announced that clean energy firm Electric Hydrogen Co. has leased 187,236 square feet of manufacturing space at Pathway Devens, located at 33 Jackson Road in Devens, MA.
Pathway Devens is a 45-acre destination for innovators in need of customizable manufacturing spaces that are tailor-made for their specific requirements.
Massachusetts’ Governor Healey has an ambitious goal for the Commonwealth to be a global epicenter in climate technology and Devens is quickly becoming a destination for clean energy companies. This is the second major commitment from a clean energy company in King Street’s Devens portfolio. The first lease was with Commonwealth Fusion Systems which officially opened its doors to its 50-acre campus to support the development and deployment of commercial fusion energy in a ceremony in February of this year. The addition of Electric Hydrogen to the Pathway Devens community cements the value of the Pathway™ model for the growing clean energy sector.
“The Pathway real estate platform, which we devised to support life sciences biomanufacturing, has also proven to be an exceptional resource for the growing clean energy sector,” says Stephen Lynch, Principal, King Street Properties. “Electric Hydrogen, with its focus on clean energy, is providing additional momentum to the impressive manufacturing node for medicine making and clean energy production that is rising in Devens. We are thrilled to welcome them.”
“During the search for our first manufacturing facility we focused on state of the art facilities near our existing research and development operations. Pathway Devens met all the criteria we were looking for,” said Derek Warnick, co-founder and CFO. “It is important for us to scale manufacturing capacity quickly in order to meet overwhelming customer demand; Pathway Devens is an ideal location to accomplish this. We are excited to produce the world’s most powerful electrolyzers here in the Commonwealth.”
King Street Properties’ Pathway campuses provide much needed biomanufacturing space for the businesses that are creating our future. Pathway Devens, serving Greater Boston, was successfully launched in 2020. It was followed by a second Pathway campus, Pathway Triangle, in Morrisville, North Carolina, in 2022.
Kevin Hanna, Curtis Cole and Matt Davis of Colliers represented Electric Hydrogen in the transaction and Brian McKenzie and Alex Plaistead of CBRE represented King Street properties.
From Boston Real Estate Times: