Precision Optics signs 7.5-year lease for ~19,590 sq ft in Littleton, MA

PRECISION OPTICS CORPORATION, INC.

Initial term 7.5 years with two 5-year renewal options; base rent $361,435.50/yr (first year), 3% annual escalations.
Rent abated for first six months; tenant responsible for 7.22% pro-rata share of taxes and operating expenses.
Tenant has right of first offer on contiguous space in building during lease term or extension.
Substantial completion of tenant improvements targeted for Aug 1, 2025; if delayed past Oct 1, 2025, tenant gets extra abated rent days.
If occupancy not delivered by Jan 1, 2026 (excluding tenant delays), tenant may terminate and receive refund.

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