Interpace Biosciences extends Pittsburgh lab lease to June 2028 with $550k annual rent

INTERPACE BIOSCIENCES, INC.

Fourth amendment to existing lease extends term through June 30, 2028.
Minimum annual rent $550,000 for the extended term.
Conditional tenant improvement credit of $200,000 if renovations exceed $250,000 by July 31, 2024.
Right of first refusal for an additional 4,632 leasable square feet.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

INTERPACE BIOSCIENCES, INC. amended Amendment with Saddle Lane Realty, LLC valued at $550,000 per year (effective 2022-10-31).

Action: amendment
Agreement: lease
Counterparty: Saddle Lane Realty, LLC
Value: $550,000 per year
Effective: 2022-10-31

Exact text from the filing

On October 31, 2022, the Company entered into a fourth amendment (the “Amendment”) to its existing Pittsburgh laboratory lease (the “Lease”) for 20,000 leasable square feet of space located at 2515 Liberty Avenue, Pittsburgh, Pennsylvania with Saddle Lane Realty, LLC (the “Landlord”) to exercise the Company’s first option and right to extend the term of the Lease to June 30, 2028.

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Source: SEC EDGAR

accession 0001493152-22-030690

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