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confidence high
sentiment negative
materiality 0.65
Arvinas terminates 163,784 sq ft New Haven lease for $41.5M cash termination fee
ARVINAS, INC.
- Lease termination effective Aug 15, 2024; covers floors 4-6 and part of 1st floor at 101 College Street, New Haven, CT.
- One-time termination fee of $41.5 million paid to landlord 101 College Street, LLC.
- Original lease dated May 4, 2021, amended twice; termination eliminates future rent obligations.