other material
confidence high
sentiment neutral
materiality 0.50
Arlo subleases 78,000 sq ft office space to Vocera through 2029
Arlo Technologies, Inc.
- Sublease effective June 29, 2021; term from Feb 1, 2022 to June 30, 2029.
- Base rent escalates from ~$167k/month to ~$206k/month; subtenant also pays pro rata expenses.
- Subtenant is Vocera Communications, Inc.; space is Arlo's current headquarters at 3030 Orchard Parkway.