SOURCE: Meritex


October 20, 2010 06:00 ET

Iosil Energy Chooses Meritex Groveport Facility for $13.5 Million Pilot Plant for Manufacturing Silicon for the Solar Industry

COLUMBUS, OH--(Marketwire - October 20, 2010) -  Meritex announced today a new 30,700 square foot lease to Iosil Energy Corporation, located at 5700 N. Green Pointe Drive in Groveport, Ohio. Iosil, an Albuquerque, New Mexico based company, is an innovator in solar technology and chose Columbus, Ohio for its new pilot manufacturing plant. The company plans to create 20 new to the region engineering and manufacturing jobs in its production of high purity polysilicon, the essential raw material for solar cells.

"Iosil is excited to be moving from a successful research and development phase to a manufacturing scale-up of its technology in Groveport, Ohio. We conducted a multi-location search for our pilot plant, and we feel that the Meritex property is the ideal solution. The property met all of our requirements for the business, is excellent for access for our employees, and is a high quality facility we will be proud to show visitors and future customers," commented Earl Fuller, Chief Executive Officer of Iosil Energy Corporation. "Significant economic development support including job creation tax credits from the State of Ohio and property tax abatement from the Village of Groveport were also major factors in choosing a location for Iosil's new plant."

Meritex owns and manages 1.6 million square feet of industrial properties in Columbus, Groveport, and Gahanna, Ohio. "We are proud to have the opportunity to partner with such an important new-to-Ohio business," said Jill Evans, Portfolio Manager for Meritex. "Meritex is committed to Green practices, pledging up to $100,000 in Green improvements to our portfolio nationally in 2010 with our successful Green for Green program. We are thrilled to have the opportunity to partner with such an important solar industry leader at our Groveport property."

Iosil Energy was represented by Steve Tucker and Todd Schiff of The Robert Weiler Company in the lease transaction and Meritex was represented by Ray and Jeff Boll of Rj Boll Realty.

Company Information: Meritex is a private real estate investment and management company that acquires, develops, owns and operates commercial real estate, primarily institutional grade, multi-tenant industrial properties. The Company owns, leases, and manages 6.7 million square feet of commercial real estate in 7 markets in the U.S. Its portfolio consists of multi-tenant industrial, office and subsurface industrial properties. The Company's properties are located in Atlanta, Columbus, Denver, Houston, Indianapolis, Kansas City, and Minneapolis-St. Paul. Additional information can be found at the Company's website

Contact Information

  • Contact:
    Jill Evans
    (866) 528-1453