Cogent Biosciences signs 12-year lease for 38,075 sq ft lab/office space in Boulder

Cogent Biosciences, Inc.

Leases ~38,075 RSF at 4840 Pearl East Circle, Boulder, CO; 14 months free rent followed by 12-year term.
Landlord provides $6.9M tenant improvement allowance; additional $2.3M loan at 6% interest for improvements.
Base rent starts at $40.00/sq ft/year with 2.5% annual escalations; security deposit $700,000.
Three 5-year renewal options; rent for option terms determined by fair market value appraisal.

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