other material
confidence high
sentiment neutral
materiality 0.60
Cue Biopharma signs 4-year license for Boston office/lab space; monthly rent $200,700
Cue Biopharma, Inc.
- Lease covers ~13,000 sq ft at 40 Guest Street, Boston; term April 15, 2022 to April 14, 2026.
- Monthly base rent $200,700 first year, escalating 4% annually: Year2 $208,728, Year3 $217,077, Year4 $225,760.
- Initial payment due at signing: $652,220.40 plus parking fees (20 spaces).
- Company plans to relocate corporate headquarters to the Premises in April 2022.
- Licensor (MIL 40G) provides services including gases, chemicals, equipment, IT, security.