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IMGN > SEC Filings for IMGN > Form 8-K on 10-Dec-2013All Recent SEC Filings

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Form 8-K for IMMUNOGEN INC


10-Dec-2013

Entry into a Material Definitive Agreement


ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

On December 9, 2013, ImmunoGen, Inc. (the "Company") entered into a First Amendment to Lease Agreement with Intercontinental Fund III 830 Winter Street, LLC ("Landlord") with respect to the Company's facility located at 830 Winter Street, Waltham, Massachusetts (the "First Amendment"). Pursuant to the First Amendment, the Company has agreed to lease an additional approximately 18,700 square feet of office space in the building located at 830 Winter Street, Waltham, Massachusetts (the "Additional Space"). The Company plans to occupy the Additional Space around June 2014 in connection with the expansion of existing operations. The initial lease term for the Additional Space is until March 31, 2020, which coincides with the initial lease term for the approximately 90,000 square feet of space currently subject to the original Lease Agreement effective July 27, 2007 (the Original Lease"). The Company's option to extend the term of the Original Lease for two additional terms of five years applies to the Additional Space as well. Under the terms of the First Amendment, the Company will pay the Landlord annual fixed rent for the Additional Space of $671,580 for the first two years, $690,235 for the next two years, and $708,890 for the remainder of the initial lease term, in monthly installments, as well as its proportionate share of taxes and operating expenses in all years.

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