GeneDx Holdings Corp. 10-K

Item 2. Properties Properties for our core operations include our corporate office and headquarters located at 333 Ludlow Street, Stamford, Connecticut 06902, our primary operating laboratory located at 207 Perry Parkway, Gaithersburg, Maryland 20877, and a satellite meeting space located at 200 Park Avenue South, New York, NY 10002; each are leased spaces. As of the date of this Annual Report, our laboratory in Stamford, CT will fully cease operations by the end of March 2023 and, as of the date of this Annual Report, our laboratory in Branford, CT has fully ceased operations as part of the Company’s announced exits in 2022 from reproductive health and somatic tumor testing. These facilities are actively being marketed for sublet; however, the outstanding lease obligations remain obligations of the Company. Our material lease agreements for our offices and laboratory facilities as shown in the table below. We believe that our current facilities are suitable and adequate to meet our current needs. Properties Term Space Stamford, CT Corporate Headquarter Through 2033 30,000 sq.ft. Stamford, CT Office Through 2033 60,000 sq.ft. Branford, CT Laboratory (1) Through 2030 40,000 sq ft. Stamford, CT Laboratory (1) Through 2046 67,000 sq.ft. New York, NY Office Through 2023 10,000 sq.ft. Gaithersburg, MD Laboratory Through 2031 84,000 sq.ft. (1) Laboratory has ceased operations and is actively being marketed for sublet. In an effort to downsize our corporate headquarter space, we are also actively marketing certain floors of the headquarter building for sublet.