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New York-based Fuel Cell Company Grows Presence in Dayton, Ohio

APEX Commercial Group

A New York-based fuel cell manufacturer is growing, after selecting Dayton as the spot for its newest service center.

Plug Power Inc., a leading provider of zero emission hydrogen engines and fueling solutions enabling e-mobility in logistics and distribution centers, including WalMart and Amazon, is doubling down on its current Dayton location, choosing the move from its existing 5,000 square foot space to occupy 32,000 square feet in West Carrollton.

Apex Commercial Group Principal Steve Peters brokered the deal, which includes a 5 year lease, with an option to expand again after three.

Plug Power Vice President of Aftermarket Services Tim Terril said that the expansion option was important in the company’s growth plans. Plug Power has just shy of 20 local employees now and is looking to hire another 10 immediately with plans to continue growth throughout the year. Terril said another 5-10 staff members will likely transfer from other Plug Power locations.

“We did our research as a company, and Dayton is the most advantageous for our growth because of its geographic location. It’s exactly where we need to be,” he said.

Plug Power has four other locations across the country, including its headquarters in Latham, New York and centers of excellence in Rochester, NY, Chicago, IL and Spokane, WA. The company has over 30,000 fuel cells currently located across 130 locations in the U.S., the biggest of which are Amazon and WalMart. Terill said the company has been in growth mode and was looking for a location that could be up and running quickly to continue their growth.

“This move fits with the trend we are seeing in industrial real estate of utilizing existing space instead of building new,” Peters said. “Companies are seeing that this option is more affordable and a more timely solution to accommodate their growth and expansion needs.”

“We looked into building,” Terril said, “But at the rate we are growing, we didn’t want to be locked into one size, and the option to expand into the future within this existing space actually worked out better, for us.”

The new West Carrollton location at 209 S. Alex Road is currently being fitted for Plug Power’s needs, including the addition of new racking and equipment, but the company expects to be moved over and fully operational by May.

About APEX Commercial Group

APEX Commercial Group offers full service commercial real estate solutions to our clients. Through our SIOR network and 234 years of combined experience, we have created strong partnerships which allow us to gain access to local knowledge within the markets our clients desire. When our partners need a company specialized in the Greater Dayton Ohio region, they know APEX is here to help.  Our agents represent commercial properties, including office, industrial, retail and land, throughout the Greater Dayton Ohio region.

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