NVE extends office/manufacturing lease to May 2031 with escalating rent

NVE CORP /NEW/

Lease extended 62 months, new expiration May 31, 2031 (originally March 31, 2026).
Monthly base rent rises from $15,416.24 to $17,214.21 on April 1, 2026, with annual increases.
Free base rent granted for April and May 2026.
$100,000 improvement allowance from landlord, subject to conditions and completion deadlines.
Tenant has option to extend lease five more years; must exercise by June 30, 2025.

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