other material
confidence high
sentiment neutral
materiality 0.70
AAOI signs three long-term leases with $102.25M purchase option in Houston
APPLIED OPTOELECTRONICS, INC.
- Three 123-month leases with Hightower Phase I Owner for industrial buildings totaling ~736,216 rentable sq ft.
- Initial rent abatement first 3 months; monthly rent for Building 1 starts at $104,915.20 in month 4.
- Purchase option for aggregate $102.25M; earnest money $1,758,750; closing 45 days after exercise.
- Leases cover manufacturing, warehouse, and office use; estimated delivery date Nov 1, 2026.
- Outside delivery date Jan 1, 2027; Tenant may terminate if not completed by July 1, 2027.