MacroGenics extends office lease to 2035, with options to 2045

MACROGENICS INC

Amended lease for 122,600 sq ft at Rockville, MD headquarters; term now ends Dec 31, 2035.
Base rent starts at $46.37/sq ft, escalating 3% annually; two 5-year extension options to 2045.
Landlord grants 50% rent abatement for first 24 months of the modified term.
Lease originally ran to Aug 2027; amendment executed Dec 14, 2022.

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 1.0

MACROGENICS INC amended Fifth Amendment with ARE-Maryland No. 45, LLC (effective 2022-12-14).

Action: amendment
Agreement: lease
Counterparty: ARE-Maryland No. 45, LLC
Effective: 2022-12-14

Exact text from the filing

On December 14 , 2022 (the “Execution Date”) MacroGenics, Inc. (the “Company”) entered into a Fifth Amendment (the “Amendment”) to its existing lease agreement (the “Lease”) with ARE-Maryland No. 45, LLC (the “Landlord”), for 122,600 square feet located at 9704 Medical Center Drive in Rockville, Maryland (the “Premises”).

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Source: SEC EDGAR

accession 0001125345-22-000111

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