ExpansionApr 14, 2026, 04:37 PM
Shoulder Innovations Leases New 15,200 Sq Ft HQ for $4.4M
AI Summary
Shoulder Innovations, Inc. has entered into a 10-year lease agreement for a new 15,200 square foot commercial building in Byron Center, Michigan. This facility, comprising both office and warehouse space, will serve as the company's new corporate headquarters. The aggregate estimated rent payments for the initial term are approximately $4.4 million, with the company anticipating taking possession around the fourth quarter of 2027. This move signifies a strategic expansion of the company's operational footprint.
Key Highlights
- Leased new 15,200 sq ft commercial building for corporate headquarters.
- Initial lease term of 10 years with two 5-year extension options.
- Aggregate estimated rent payments of $4.4 million over initial term.
- Paid $33.0 thousand security deposit and $0.5 million construction down payment.
- Expected possession around Q4 2027.