Beyond Meat subleases ~54,749 sq ft of El Segundo HQ to Varda Space Industries through 2033

BEYOND MEAT, INC.

Subleases 16,967 sq ft improved and 37,782 sq ft unimproved space; sublease expires Oct 31, 2033.
Monthly base rent starts at ~$50,901 (Improved) and ~$113,346 (Unimproved), with 3% annual escalations.
Rent abatements: half of base rent and parking rent for months 2-15 (subject to no default).
Subtenant receives $3.35M improvement allowance from Master Landlord; Beyond Meat pays up to $80,000 for demising wall.
Subtenant provides $1.56M letter of credit as security; sublease subject to Master Landlord consent.

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