International Stem Cell signs lease for new HQ in San Diego; related-party transaction

International Stem Cell CORP

Lease covers 7,260 sq ft at 9745 Businesspark Ave, San Diego, consolidating Carlsbad and Oceanside offices.
Initial combined base rent $10,890/month, escalating to $12,933.90 by lease end (Dec 31, 2026).
Term starts Nov 1, 2021, for 5 years and 2 months through Dec 31, 2026.
Co-tenant S Real Estate Holdings LLC owned by EVP/CSO Dr. Russell Kern, previously owned by CEO Dr. Andrey Semechkin.
Company also responsible for insurance, maintenance, taxes, and operating expenses per lease.

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