Lyra Therapeutics enters 10-year lease for 28,858 sq ft office/lab in Waltham, MA

Lyra Therapeutics, Inc.

Lease with BXP Waltham Woods for 28,858 sq ft at 880 Winter Street, Waltham, MA.
Term 10 years plus 5-year extension option; base rent starts at $181,565/month, 3% annual increase.
Landlord provides up to $5,915,890 in tenant improvements; security deposit letter of credit $1,089,389.
Commencement expected on or before May 1, 2023; rent begins 60 days after delivery.

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