Revolution Medicines signs 4-building lease for new Redwood City HQ (672k sq ft, ~$2.7M/mo)

Revolution Medicines, Inc.

Leases for four Seaport Blvd buildings (1600-1900) totaling ~672,000 rentable sq ft as new HQ; effective subject to Phase II Closing.
Commencement staggered Sep 26, 2027–Sep 1, 2028; initial terms end Sep 2042 with three 5-yr extension options.
Aggregate base rent starts ~$2.7M/month at full commencement, +3% annually; rent abatement ~$23.1M through Jan 2030.
Tenant improvement allowances ~$115.9M plus optional additional ~$40.3M (amortized at 10% annually as extra rent).
Related-party: Farallon (owns ~6.4% of RVMD) indirectly owns majority of landlords; Leases create direct financial obligation.

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