---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-010829"
form_type: "8-K"
ticker: "VCEL"
cik: "0000887359"
company_name: "Vericel Corp"
filed_at: "2022-02-02T23:59:59+00:00"
generated_at: "2026-06-27T12:41:46.989728+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Vericel signs 125,749 sq ft lease for Burlington, MA HQ and manufacturing facility

## Summary
- Signed 144-month lease with one 120-month extension option for to-be-constructed manufacturing, lab, and office space.
- Annual base rent starts at $57/sq ft with 2.5% annual escalations; landlord provides ~$25.1M tenant improvement allowance.
- Construction core and shell expected to start Feb 28, 2023; rent begins 13 months later or when Vericel first occupies.
- Delivered ~$6.0M letter of credit as security deposit, reducing to ~$4.2M after year 3 and ~$1.8M after year 6.
- No material relationship with landlord; facility will serve as new corporate headquarters and primary manufacturing site.

## SEC filing metadata
- accession: 0001104659-22-010829
- form_type: 8-K
- ticker: VCEL
- cik: 0000887359
- company_name: Vericel Corp
- filed_at: 2022-02-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/887359/000110465922010829/0001104659-22-010829-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/887359/000110465922010829/tm225156d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-010829
- JSON: https://secwatch.observer/filing/0001104659-22-010829.json
- Plain text: https://secwatch.observer/filing/0001104659-22-010829.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.