Relay Therapeutics terminates Binney St lease early, signs Kendall Square lease; saves ~$16M in rent

Relay Therapeutics, Inc.

Paid $2.5M modification fee and transferred FF&E to landlord to terminate Binney St lease early.
Paid $3.5M relocation fee for new 12,190 sq ft office at One Kendall Square, Cambridge.
Combined lease changes reduce total rent expense by ~$16M over remaining lease terms.
Continues to lease 41,474 sq ft at 60 Hampshire St (HQ) through June 2032.
Binney St lease originally set to expire April 2029; early termination tied to Kendall Square possession.

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