{"id":1004681511,"date":"2023-09-21T03:10:16","date_gmt":"2023-09-21T11:10:16","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004681511"},"modified":"2023-09-21T04:20:45","modified_gmt":"2023-09-21T12:20:45","slug":"king-street-secures-101-ksf-lease-in-boston","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/king-street-secures-101-ksf-lease-in-boston\/","title":{"rendered":"King Street Secures 101 KSF Lease in Boston"},"content":{"rendered":"
\"39<\/a>

The tenant will move into 39 Jackson Road in September 2024. Image courtesy of Ascend Elements<\/em><\/p><\/div>\n

EV battery manufacturer Ascend Elements<\/strong> has signed an agreement with King Street Properties <\/strong>for a 101,000-square-foot facility in Devens, Mass. The company will relocate and expand its headquarters and R&D center, starting in September 2024. CBRE\u00a0<\/strong>is handling leasing operations for the owner.<\/p>\n

The company’s headquarters is at 133 Flanders Road in Westborough, Mass., roughly 30 miles from the new location.<\/p>\n

Ascend Elements noted that its growing employee base is what triggered the move\u2014it currently has 350 workers globally, of which 140 are in Massachusetts.<\/p>\n

The building is within Pathway Devens, a 45-acre purpose-built biomanufacturing campus, currently still in development by King Street Properties. Upon completion, it will feature more than 700,000 square feet of purpose-built facilities, of which 400,000 are currently operational. The park will also include an 8,300-square-foot amenity center which slated for opening in 2024\u2019s first quarter. Other tenants at the campus include Electric Hydrogen, Azzur Group and Commonwealth Fusion Systems.<\/p>\n

Boston ranks high in industrial rent gains<\/h2>\n

Located at 39 Jackson Road, the building is near Highway 2 and roughly 43 miles from Boston. It is also less than 9 miles from the Fitchburg Municipal Airport.<\/p>\n

Among Northeastern markets, Boston registered the highest increase in average asking rates for industrial assets, up 9.5 percent year-over-year, to $9.55 per square foot as of July, according to a recent CommercialEdge report<\/a>.<\/p>\n

As for development, the metro had 5.5 million square feet of industrial space under development, or a 2.3 percent expansion of stock\u2014the second-largest pipeline in the region, behind Philadelphia, the same source shows.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ascend Elements is relocating and expanding its headquarters. <\/p>\n","protected":false},"author":3120,"featured_media":1004681512,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21784,21748,21742,10,21747],"tags":[32789,35805],"class_list":["post-1004681511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-brokerage","category-industrial","category-latest","category-northeast","category-office","tag-cbre","tag-king-street-properties"],"acf":[],"yoast_head":"\nKing Street Secures 101 KSF Lease in Boston - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Ascend Elements has signed an agreement with King Street Properties for a 101,000-square-foot facility in Davens, Mass.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/king-street-secures-101-ksf-lease-in-boston\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"King Street Secures 101 KSF Lease in Boston\" \/>\n<meta property=\"og:description\" content=\"Ascend Elements has signed an agreement with King Street Properties for a 101,000-square-foot facility in Davens, Mass.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/king-street-secures-101-ksf-lease-in-boston\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-21T11:10:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-21T12:20:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/39-Jackson-Road-e1695291352522.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1800\" \/>\n\t<meta property=\"og:image:height\" content=\"1350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Radu Corfus\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/king-street-secures-101-ksf-lease-in-boston\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/king-street-secures-101-ksf-lease-in-boston\/\",\"name\":\"King Street Secures 101 KSF Lease in Boston - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/king-street-secures-101-ksf-lease-in-boston\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/king-street-secures-101-ksf-lease-in-boston\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/39-Jackson-Road-e1695291352522.jpg\",\"datePublished\":\"2023-09-21T11:10:16+00:00\",\"dateModified\":\"2023-09-21T12:20:45+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a04f9fc8d7ed936167c8786eb77e39c2\"},\"description\":\"Ascend Elements has signed an agreement with King Street Properties for a 101,000-square-foot facility in Davens, Mass.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/king-street-secures-101-ksf-lease-in-boston\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/king-street-secures-101-ksf-lease-in-boston\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/king-street-secures-101-ksf-lease-in-boston\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/39-Jackson-Road-e1695291352522.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/39-Jackson-Road-e1695291352522.jpg\",\"width\":1800,\"height\":1350,\"caption\":\"The tenant will move into 39 Jackson Road in September 2024. 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