PropertyApr 13, 2026, 05:17 PM
Boundless Bio Terminates Lease Early, Incurs $10.5M Cost
AI Summary
Boundless Bio, Inc. entered into a Lease Termination Agreement on April 13, 2026, to end its lease for approximately 80,168 rentable square feet of laboratory and office space in San Diego. The lease, which was originally set to expire in October 2034, will now terminate on May 31, 2026. As consideration, the company agreed to pay a $10.0 million lease modification payment and the landlord retained the $0.5 million security deposit, totaling a $10.5 million cost for early termination.
Key Highlights
- Boundless Bio terminated its lease agreement for 80,168 sq ft of lab and office space.
- The lease was originally set to expire on October 31, 2034.
- Termination is effective May 31, 2026.
- Company paid a $10.0 million lease modification payment.
- Landlord retained the $0.5 million security deposit.