other material
confidence high
sentiment positive
materiality 0.55
Organogenesis signs 16.5-year lease for 122,000 sq ft RI biomanufacturing facility, base rent $43/sq ft from 2026
Organogenesis Holdings Inc.
- Leased 122,000 sq ft at 100 Technology Way, Smithfield, RI for biomanufacturing expansion.
- Initial term ~16.5 years through May 2041; two 10-year renewal options.
- Base rent $43/sq ft starting June 2026, 3% annual escalations; triple net lease.
- Lease contingent on state/local tax incentives; termination right with $1.25M payment if not secured by March 2025.
- Company continues to operate Canton, MA HQ and other facilities in US and Switzerland.