On March 10, 2026, Savara Inc. entered into an Agreement of Lease with ML7 Yardley Partners, LP, pursuant to which the Company will lease approximately 10,795 square feet of office space located at 19 W. College Avenue, Suite 200, Yardley, PA 19067. The Company plans to relocate its headquarters to this location. The term of the Lease commences on July 1, 2026 and continues until December 1, 2031 (the ?Term?).
The Company has the option to extend the Term for an additional five-year term. The Company will make monthly base rent payments of approximately $28,337 for the first year of the Term, with annual increases of approximately 2%. The aggregate base rent over the Term is approximately $1,780,900, which reflects five months of rent abatement.
In addition to the base rent, the Company will pay additional amounts to the Landlord related to the Company?s share of operating expenses, taxes, and utilities. The Company has paid a security deposit equal to $28,337. The Lease contains customary events of default, representations, warranties, and covenants.
