Myomo signs 88-month lease for 36,208 sq ft in Burlington, MA for HQ and manufacturing

MYOMO, INC.

Lease for approx. 36,208 rentable sq ft at 45 Blue Sky Drive; monthly rent starts at $96,250 and escalates over 8-year term.
Phase 1 occupancy of 28,708 sq ft expected by Nov 15, 2024; Phase 2 (7,500 sq ft) by June 1, 2025.
Tenant improvement allowance of $700,000; $375,000 letter of credit cash-collateralized.
Fixed monthly rent ranges from $96,250 (first year) to $147,849 (year 8); term approx. 88 months.
One five-year extension option subject to net income and continuous occupancy conditions.

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