Applied Optoelectronics enters 126-month lease for 209,665 sq ft manufacturing facility in Sugar Land, TX

APPLIED OPTOELECTRONICS, INC.

Lease term of 126 months, commencing by March 31, 2026; base rent starts at $7.44/sq ft/yr (~$129,992/month) after 7-month abatement, escalating to $10.49/sq ft/yr (~$183,367/month).
Landlord provides construction allowance up to $1,886,985 toward leasehold improvements.
Tenant has right of first refusal on contiguous space, right of first offer to purchase, and two renewal options of 5 years each.
Premises at 1111 Gillingham Lane, Sugar Land, TX; used for manufacturing and related operations.
Security deposit may be in form of irrevocable standby letter of credit with automatic renewal provisions.

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