Finch Therapeutics signs 10-year lease for 61K sq ft in Charlestown; base rent ~$4.5M

Finch Therapeutics Group, Inc.

Sub Finch Therapeutics Inc. leases ~61,139 sq ft office/lab at 100 Hood Park Drive, Charlestown, MA.
Initial term of 10 years from Rent Commencement Date (earlier of Jan 1, 2022 or operations start).
Annual base rent starts ~$4.5M, increasing 2.8% per year to max ~$5.8M during initial term.
Tenant improvement allowance of ~$14.8M; letter of credit ~$2.3M required as security deposit.
Option to extend Lease for one additional five-year term; right of first offer on nearby spaces.

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