GRAIL signs 11-year lease for 75,556 RSF Sunnyvale HQ; base rent ~$449,558/month

GRAIL, Inc.

11-year lease for ~75,556 RSF office/lab at 250 S. Matilda Ave, Sunnyvale, CA.
Lease starts Oct 1, 2026; expires Sep 30, 2037; base rent starts at $5.39M/yr (~$5.95/RSF) escalating ~5% annually.
Tenant improvement allowance of $14.36M ($190/RSF) plus $3.02M ($40/RSF) additional allowance.
Landlord requires a $3.625M letter of credit as security.
Tenant has option to expand into additional space and renew for five years.

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