other material
confidence high
sentiment neutral
materiality 0.50
Atea Pharmaceuticals subleases Boston HQ; monthly rent $65,790 starting Jan 2022
Atea Pharmaceuticals, Inc.
- Sublease 17,544 sq ft at 225 Franklin St, Boston; term Jan 1, 2022 to Dec 31, 2026.
- Base rent $65,790/month (year 1), increasing 2% annually; plus operating expenses and taxes.
- Sublandlord DataRobot provides $877,200 leasehold improvement allowance.
- Existing lease at 125 Summer St expires July 2022; new space to be principal executive offices.
- Sublease conditioned on Prime Landlord consent and continued existence of prime lease.