Northann Corp. signs 5-year lease for 106,610 sq ft in South Carolina, announces HQ relocation

Northann Corp.

Leased 106,610 sq ft at 2251 Catawba River Rd, Fort Lawn, SC; includes 4,560 sq ft office and 98,400 sq ft industrial space.
Monthly rent escalates from $33,315.63 (Year 1) to $37,497.03 (Year 5); security deposit of $97,370.47 due.
First right of refusal to purchase entire property for $12M in first year; 10-day notice window, 90-day closing.
Relocation from Elk Grove, CA to Fort Lawn scheduled to begin end of August 2024; industrial campus expandable to 77 acres.
CEO Lin Li cites enhanced production capacity, 'Made in USA' commitment, and strengthened 3D printing ecosystem.

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