Beyond Meat surrenders ~62K sq ft of HQ lease; pays $1M termination fee

BEYOND MEAT, INC.

Surrenders 61,566 rentable sq ft of 888 Douglas St premises, reducing footprint to ~220,519 sq ft.
Pays $1.0M termination fee plus transfers equipment valued at ~$200k; modification costs estimated at $600k.
Continues paying rent on surrendered space until earlier of new tenant occupancy or Dec 15, 2025.
Future tenant improvement allowance of $100/sq ft offered if Beyond Meat assigns/subleases remaining space within 36 months.
Landlord releases Beyond Meat from most future claims on surrendered space; certain ongoing obligations excluded.

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