other_material
confidence high
sentiment neutral
materiality 0.50
Impinj leases additional 6,563 sq ft in Seattle; extends term to 2038 with $44M base rent
IMPINJ INC
- Lease amendment expands premises by 6,563 rentable sq ft to total ~70,995 sq ft.
- Lease term extended to Jan 31, 2038; total base rent for existing space ~$44M from Sept 1, 2025.
- Landlord provides 8-month rent abatement for existing space and separate 8-month abatement for expansion space.
- $5 million tenant improvement allowance for expansion space; up to 50% of unused allowance can offset rent.
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