Astera Labs signs 90-month lease for 154,231 sq ft San Jose HQ, relocation expected Q2 2025

Astera Labs, Inc.

Initial monthly base rent $385,577.50, increasing ~3% annually over 90-month term.
Construction allowance of $8.48M (expandable to $11.57M) for tenant improvements.
Relocation from Santa Clara to San Jose, CA targeted during Q2 2025.
Company has options to extend lease for two additional 60-month terms and right of first refusal.

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