Item 2. Properties
Item 2. Properties.
Our facilities are located at two adjacent leased sites. The first site, located at 6000 Shoreline Court, Suites 102, 201, 203, 204 and 325, South San Francisco, California, consists of approximately 34,070 square feet of office and laboratory space and is primarily used for research, clinical, manufacturing and corporate activities. Our lease for Suite 325 commenced in January 2021. Our lease covering Suites 102, 204, and 325 expires in January 2029, with an option to extend this lease for an additional seven years. Our sublease covering Suites 201 and 203 expires in March 2021, after which our lease covering Suites 201 and 203 will be in effect, which expires in March 2024. The second site, located at 7000 Shoreline Court, South San Francisco, California, consists of 340 square feet of vivarium space and an additional 215 square feet of shared laboratory space, and is primarily used for preclinical research. Our agreement that provides for our use of these vivarium and laboratory spaces expires in April 2022.
We believe that these facilities are sufficient to meet our current needs. We also believe we will be able to obtain additional space, as needed, 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.