other material
confidence high
sentiment neutral
materiality 0.45
KalVista Pharmaceuticals enters lease for HQ and lab in Framingham; aggregate rent ~$11.2M
KalVista Pharmaceuticals, Inc.
- Lease for 32,110 sq ft at 200 Crossing Blvd, Framingham, MA, as corporate HQ and lab space.
- Commencement on or about April 30, 2025; lease expires December 31, 2034.
- Aggregate base rent payments of approximately $11.2 million over the term.
- Security deposit of ~$652,800 in the form of a letter of credit.
- Company to pay pro rata share of operating expenses and certain taxes.