Heron Therapeutics signs 111-month lease for 16,837 sq ft HQ in Cary, NC at $614,550/month base rent

HERON THERAPEUTICS, INC. /DE/

New headquarters at 25 Fenton Main Street, Cary, NC; approximately 16,837 rentable square feet.
Lease term of ~111 months with one extension option for 84 additional months.
Monthly base rent $614,550.50 for first 12 months, increases by a percentage each subsequent 12-month term.
Base rent and estimated operating costs abated for a certain number of months after commencement.
Tenant receives a one-time right of first refusal on contiguous vacant space.

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