Meritex announced today a new 30,700 square foot lease to Iosil Energy Corporation, located 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."