AlloVir terminates Waltham lease, pays $7M early termination fee

Kalaris Therapeutics, Inc.

Terminated lease with BP Bay Colony for 78,541 sq ft at 1100 Winter Street, Waltham, effective June 30, 2024.
Paid $7M early termination payment due 5 business days after July 1, 2024; no further rent obligations.
Lease originally scheduled to expire July 31, 2030; Phase II premises (59,305 sq ft) never occupied.
Surrendered Phase I premises (19,236 sq ft) in condition required by lease; Phase II surrendered early.
Termination reflects downsizing; company paid $7M to exit long-term lease commitment.

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