TELA Bio extends HQ lease to 2030, adds 15,881 sq ft of space

TELA Bio, Inc.

Entered Fourth Amendment to Lease for corporate headquarters in Malvern, PA.
Lease term extended from May 31, 2028 to May 31, 2030.
Adds 15,881 sq ft from Dec 1, 2023, total leased to 40,606 sq ft; will later reduce by 4,652 sq ft on June 30, 2025.
Monthly base rent starts at $49,403.97, increases annually; after July 2025 base rent $45,841.35.
Space houses R&D, controlled environment room, and office operations.

item 1.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TELA Bio, Inc. amended Fourth Amendment to Lease Agreement with WPT Land 2 LP (effective 2023-10-18).

Action: amendment
Agreement: lease
Counterparty: WPT Land 2 LP
Effective: 2023-10-18

Exact text from the filing

On October 18, 2023, TELA Bio, Inc. (the “ Company ”) and WPT Land 2 LP (the “ Landlord ”) entered into a Fourth Amendment to Lease Agreement (the “ Fourth Amendment ”), amending that certain Lease Agreement, dated January 31, 2013 (as subsequently amended, the “ Lease Agreement ”) relating to the Company’s corporate headquarters located at 1 Great Valley Parkway, Malvern, Pennsylvania 19355.

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TELA Bio, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-110478

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