Tokai Pharmaceuticals, Inc. has entered into a sublease with Boston Private Wealth LLC for 15,981 square feet of office space in Boston, Massachusetts.
The sublease is subordinate to a lease dated October 5, 2010 with landlord 255 State Street, LLC.
The term of Tokai Pharmaceuticals’ sublease commences on April 1, 2015 and expires on December 31, 2016. However, if the term of the Prime Lease is terminated for any reason prior to the expiration or earlier termination of the sublease, the sublease will immediately terminate and Tokai will have no recourse.
Under the Sublease, Tokai Pharmaceuticals will be obligated to pay $45,300 per month in lease payments through March 30, 2016 and, beginning on April 1, 2016, will be obligated to pay approximately $46,600 per month in lease payments through December 31, 2016.
Tokai Pharmaceuticals lists its current address at One Broadway in Cambridge, MA.