other material
confidence high
sentiment neutral
materiality 0.50
Avalyn Pharma expands Boston sublease by ~4,934 sq ft; lease payments rise ~$924k
Avalyn Pharma Inc.
- Expands subleased premises from ~8,774 to ~13,708 rentable square feet at 105 W First Street, Boston.
- Future minimum lease payments increase by ~$924,000 over the remaining term ending Jan 31, 2029.
- Expansion effective upon master landlord's consent; Sublandlord may rescind if consent not received within 30 days.
- Base rent for Expansion Premises starts at $28,781.67/month, escalating to $30,534.47/month in final year.
- Subtenant gets 2 garage parking passes (up from 1) and use of existing furniture in the expansion space.