other material
confidence high
sentiment neutral
materiality 0.60
Stoke Therapeutics enters $85.5M lease for 98,500 sq ft Waltham HQ/lab through 2038
Stoke Therapeutics, Inc.
- New lease with NWALP PHOP Property Owner LLC for 98,500 sq ft at 245 Fifth Avenue, Waltham, MA.
- Aggregate base rent ~$85.5M over term ending March 31, 2038; two five-year extension options at market rate.
- Security deposit of $3M in form of irrevocable standby letter of credit, reducible over time.
- Lease supports expansion of corporate headquarters and laboratory space.