Enanta signs 10-year lease for ~73k sq ft HQ expansion in Watertown, MA; amends existing leases

ENANTA PHARMACEUTICALS INC

New lease with ARE-MA Region No. 75 for ~73,000 sq ft at Arsenal on the Charles; 10-year term starting June 2024.
Aggregate minimum lease payments under new lease: ~$76.5M; base rent ~$0.6M/month with 3% annual escalations.
Tenant improvement allowance of ~$15.0M; one-time extension option for additional 5 years at market rate.
Second Amendment shortens 500 Arsenal St lease to ~June 2024; aggregate remaining payments ~$6.5M.
First Amendment at 400 Talcott Ave adds ~20,000 sq ft office space; lease extended to June 2034; aggregate payments ~$19.4M.

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