heartware inc. renews, expands lease

Heartware Inc. Renews, Expands Lease in Framingham

HeartWare, Inc., a subsidiary of HeartWare International, Inc., has renewed and expanded its lease with Atlantic-Philadelphia Realty LLC, c/o Atlantic Management Corporation, at 205 Newbury Street in Framingham, MA.

Under the amended lease the Company will occupy additional space later in 2010, increasing its total square footage from 7,020 to approximately 15,000. Base rent obligations will increase to approximately $275,000 per year.

R. W. Holmes Realty served as the broker on this transaction.

The lease term expires on December 31, 2014 and the Company has an option to renew for an additional four-year period. The Company also has an option to expand with an additional 3,002 square foot space in the building.


***Looks like big growth ahead.