other material
confidence high
sentiment neutral
materiality 0.40
Olema enters 7-year lease for ~38K sq ft corporate HQ in San Francisco
Olema Pharmaceuticals, Inc.
- Lease with KR Oyster Point II, LLC for 38,176 sq ft on 4th and 5th floors.
- Base rent for Phase I (25,048 sq ft) is $12,361,188 over initial term.
- Base rent for Phase II (13,128 sq ft) is $6,145,463.76 over initial term.
- Initial term 7 years; one-time termination option at 60 months with $1,716,240.96 fee.
- Cash security deposit of $427,546.80 required; move-in expected by December 2026.