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CLDN > SEC Filings for CLDN > Form 8-K on 3-Jun-2014All Recent SEC Filings

Show all filings for CELLADON CORP

Form 8-K for CELLADON CORP


3-Jun-2014

Entry into a Material Definitive Agreement


Item 1.01 Entry into a Material Definitive Agreement.

On May 28, 2014, Celladon Corporation (the "Company") entered into a Sublease Agreement with Brandes Investment Partners, L.P. (the "Lease") for the lease of approximately 10,908 square feet of office space which the Company will use as its corporate headquarters. Each month during the approximate seven year and 10 month term of the Lease commencing on or about July 1, 2014, the Company is required to remit base rent of approximately $31,000, which will increase at a rate of 3% per year. An early termination right is available to the Company after 53 months. The newly leased space, located in San Diego, California, will replace the Company's current headquarters in which the Company is occupying approximately 2,270 square feet of office space under a lease that expires in November 2017. The Company is entering into a sublease agreement for the sublease of this existing space to a third party.


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