Item 2. Properties
Item 2. Properties
The following table presents information on our leased facilities.
Location Use Square Feet Expiration Date
San Diego, California
Corporate Headquarters, Office and Laboratory 535,000 October 31, 2036
San Diego, California
Office and Laboratory 229,000 (1)
July 31, 2031
San Diego, California
Office 45,000 (2)
April 30, 2029
Washington, DC
Office
5,300 August 31, 2027
_________________________
(1) This property is associated with our former corporate headquarters. Approximately 73,000 square feet are subleased by multiple third parties for general office space through the remaining term of the lease.
(2) This property is associated with our former corporate headquarters. We are actively marketing this property for sublease. Approximately 22,500 square feet are subleased by a third party for general office space through the remaining term of the lease with approximately 22,500 square feet of available space remaining.
We believe that our existing facilities are adequate to meet our current needs, and that suitable additional alternative facilities will be available in the future on commercially reasonable terms.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.