Item 2. Properties
Item 2. Properties
We currently lease approximately 146,000 square feet at 88 Sidney Street, 43,000 square feet at 64 Sidney Street, and 13,000 square feet at 38 Sidney Street, Cambridge, Massachusetts. All leases, as amended, expire on February 29, 2028. At the end of the initial lease period, we have the option to extend the leases at all facilities for two consecutive five-year periods at the fair market rent at the time of the extension. In July 2025, we entered into a long-term sublease agreement with a new tenant for 7,407 square feet of office space on the first floor of 64 Sidney Street, Cambridge, Massachusetts, which began in November 2025 with the term of the sublease running through February 2028. We believe our existing facilities are adequate for our current needs.
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