Xeris Biopharma enters amended lease for 87,032 sq ft Chicago HQ; base rent $52.50/sq ft

Xeris Biopharma Holdings, Inc.

Xeris Pharma leases 87,032 sq ft office/lab at 1375 W. Fulton, Chicago; term through 2037.
Annual base rent $52.50/sq ft in year one, escalating 2.5% annually; rent abatement for first 12 months.
Letter of credit increased from $408,263 to $3,247,808 to secure lease obligations.
Company to relocate HQ to premises in H1 2023; current HQ at 180 N. LaSalle to be subleased.
Credit agreement amended to permit issuance of the letter of credit.

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