CPS Technologies signs 12-yr 80,000 sq ft lease in Attleboro, relocating from Norton

CPS TECHNOLOGIES CORP/DE/

Lease with VMD Industrial II LLC for ~80,000 sq ft at 523 Pleasant St, Attleboro, MA; move during 2027 from Norton, MA.
Initial term 12 yrs 10 mos; base rent starts Dec 1, 2027 at $85k/mo for 6 months, ~$1.05M next year, +3% annually.
Landlord contributes up to $3.2M toward improvements; company must first spend $1.6M; security deposit $510k, reducible to $255k.
Two 5-year extension options at 103% of fair market rent, +3% annually; right of first offer for adjacent space.
Company pays 47.20% share of real estate taxes, operating costs, insurance; utilities and other costs.

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