other material
confidence high
sentiment neutral
materiality 0.50
C3.ai signs ~$103M 10.5-year lease for new headquarters at 1400 Seaport Blvd
C3.ai, Inc.
- Lease for 283,015 sq ft in two towers at 1400 Seaport Blvd, Redwood City; term 126 months.
- Total undiscounted base rent ~$103.1M; $12.6M letter of credit provided to landlord.
- Occupancy in phases; first two phases target Jan 1, 2022, subject to landlord delivery.
- Third Amendment adds 15,183 sq ft at existing 1300 Seaport lease and extends term if new space delivery delayed.