Boston – King Street Properties announced that Ascend Elements, a company specializing in the production of sustainable lithium-ion battery materials, signed a lease for the new 101,000sf building located at 39 Jackson Road, part of King Street’s Pathway Devens campus. This transaction marks the full lease-up of the first phase of King Street’s Pathway Devens development.
Ascend Elements joins other clean energy firms Commonwealth Fusion Systems and Electric Hydrogen as well as biotechnology cleanroom provider Azzur Group at Pathway Devens. This location will serve as world headquarters and tech center for Ascend Elements who is also constructing a $1 billion manufacturing facility in Hopkinsville, Ky. The company’s patented Hydro-to-Cathode direct precursor synthesis technology was developed locally at Worcester Polytechnic Institute in Massachusetts by Professor Yan Wang and Dr. Eric Gratz.
“Ascend Elements’ mission to create a more sustainable lithium ion battery supply chain aligns with King Street’s mission to create science campuses that ultimately help solve human health and climate issues, and we are thrilled to welcome them to our growing roster of tenants at Pathway Devens,” said Tyson Reynoso, managing director and partner, King Street Properties. “The Ascend lease marks over 550,000sf of leasing at our Devens campus in just three years since launching the project.”
Pathway Devens, a 45-acre purpose-built development in the heart of Devens, also includes an 8,300sf amenity center and taproom that King Street will be opening in Q1 2024. The amenity center will be a feature element of the campus designed to create a welcoming environment for workers as well as the surrounding community to socialize. The building includes a fitness center, lounge area, and a game room and cafe. The new taproom will be open to the public.
John Carroll III and Kevin Brawley of Colliers represented Ascend Elements in the transaction and Brian McKenzie and Alex Plaistead of CBRE represented King Street properties.
