other material
confidence high
sentiment neutral
materiality 0.50
Pulmonx extends and expands headquarters lease through 2035, adds 25,254 sq ft
Pulmonx Corp
- Extended lease for 24,591 sq ft at 700 Chesapeake Dr to July 31, 2035; monthly base rent starts at $113,118.60 Aug 2025.
- Will add 25,254 sq ft at 200 Chesapeake Dr effective June 1, 2028; monthly rent starts at $107,329.50 with 3.5% annual escalations.
- Sublease for Expansion Premises with Genomic Health runs through May 31, 2028; then direct lease with Landlord begins.
- Two five-year extension options granted for the combined 49,845 sq ft premises.
- Four-month rent abatement on Existing Premises (Aug–Nov 2025) valued at $452,474.40.