Savara expands Langhorne office lease, relocates HQ

Savara Inc

Amended lease adds 3,970 sq ft to current 2,465 sq ft office in Langhorne, PA.
Monthly rent increases from ~$5,850 to ~$14,200 (Jul 2023-Jun 2024), then to $14,500 and $14,700.
Lease term extended to June 30, 2026; Savara plans to relocate headquarters to this site.
Amendment effective Feb 28, 2023; full lease terms to be filed with Q1 2023 10-Q.

item 1.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Savara Inc amended Amendment with 1717 OSSRE, LLC (effective 2023-02-28).

Action: amendment
Agreement: lease
Counterparty: 1717 OSSRE, LLC
Effective: 2023-02-28

Exact text from the filing

On February 28, 2023, Savara Inc. (“Savara”) entered into an amendment (the “Amendment”) to the Agreement of Lease, dated July 7, 2021, between Savara and 1717 OSSRE, LLC (the “Lease”) in order to increase the size of Savara’s offices in Langhorne, PA.

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Savara Inc filing history →

Source: SEC EDGAR

accession 0001193125-23-058291

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