other material
confidence high
sentiment neutral
materiality 0.60
Monte Rosa Therapeutics enters 128-month lease for 63,327 sq ft in Boston at $95/sqft base rent
Monte Rosa Therapeutics, Inc.
- Leased 63,327 sq ft at 321 Harrison Ave, Boston for office/lab space; term starts April 1, 2022.
- Initial term of 128 months (~10.7 years); base rent $95/sqft year one, with 3% annual increases.
- Company has option to extend lease once for 5 years and option to sublet premises.
- Rent obligation begins 8 months after commencement or 2 months after tenant improvements complete.