Entropic Communications, Inc. has amended its lease with landlord Kilroy Realty, L.P. to expand and relocate its headquarters space in San Diego, CA from a 90,000 square foot space at 6290 Sequence Drive into 130,000 square feet at 6260 Sequence Drive.
The lease was set to expire on January 1, 2015. As part of the lease amendment, Entropic’s lease will now expire on January 1, 2022.
Entropic’s rent will not rise through January 1, 2015. Afterwards, annual rents will start at $2.5 million and increase 3 to 4 percent per year through the end of the term.
Entropic expects to move into the new facility in the fourth quarter of 2013.
6260 Sequence Drive is a 130,536 square foot office property developed in 1997.