Virco enters 65-month lease extension for Torrance HQ facility through Sep 2030

VIRCO MFG CORPORATION

Lease with Starboard Distribution Center for 559,000 sq ft; term May 1, 2025 to Sep 30, 2030 plus one 5-year option.
Monthly base rent abated first 5 months, then $726,700 for Oct 2025-Apr 2026, with 3.5% annual increases.
Tenant improvement allowance up to $1,677,000; security deposit $925,000 plus transfer of $313,817.50 from prior lease.
Estimated initial monthly operating expenses of $132,760.19; use includes manufacturing, warehousing, and office.

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