Item 2. Properties
Item 2.
Properties
Corporate Headquarters, R&D and GMP Manufacturing Facility, Storage Facility
Rocket’s corporate headquarters is located in Cranbury, New Jersey, in a leased facility consisting of 103,720 square feet of space including areas for offices, process development, research and development
laboratories and 50,000 square feet dedicated to AAV Current Good Manufacturing Practice (cGMP) manufacturing to support our pipeline. A smaller area within this facility was originally leased in August 2018, and the lease was amended in June
2019 to include the full building (such lease, as amended, the “NJ Lease Agreement”). The NJ Lease Agreement has an initial term which ends in 2034, with an option to renew for an additional two consecutive five-year renewal terms. In addition,
we lease space in New York, New York at the Empire State Building, which consists of approximately 6,600 square feet of office space under a lease that expires in July 2024. Rocket leases an additional 4,666 square feet storage facility in
Dayton, New Jersey.
Facility in Lexington, Massachusetts
We currently lease approximately 15,000 square feet of office space in Lexington, Massachusetts under a lease that expires on February 28, 2023, which is the end of the lease term. This space is the former
headquarters of Inotek and is subleased through the remainder of the lease term.
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Facility in Hopewell, New Jersey
As part of the acquisition of Renovacor, we assumed a lease agreement for approximately 15,463 square feet of space in Hopewell, New Jersey that expires in March 2033. We will endeavor to sublease the entire
premises through the remainder of the lease term.
Facility in Cambridge, Massachusetts
As part of the acquisition of Renovacor, we assumed a sublease agreement for approximately 5,945 square feet of office space in Cambridge, Massachusetts that expires in April 2024. We will endeavor to sublease
the premises through the remainder of the lease term.
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