Nanophase enters 10-year lease for 222,935 sq ft; initial monthly rent ~$94,747 with six-month abatement

SOLESENCE, INC.

Lease term from Dec 31, 2021 to May 31, 2032; Premises expandable to 260,890 sq ft on Nov 1, 2022.
Initial base rent $94,747/mo abated entirely Dec 2021–May 2022; after expansion $110,878/mo with 2.75% annual increases.
Security deposit of $500,000 in letter of credit, reducible by 50% after 60th rental payment.
Premises initially for Solésence filling/assembly and company-wide warehousing; additional operations may migrate.
Tenant pays proportionate share of operating expenses, taxes, and utilities; late fee 5% of overdue rent.

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