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AFFX > SEC Filings for AFFX > Form 8-K on 25-Jun-2014All Recent SEC Filings

Show all filings for AFFYMETRIX INC

Form 8-K for AFFYMETRIX INC


25-Jun-2014

Entry into a Material Definitive Agreement, Financial Statements and Exhibits


Item 1.01 Entry into a Material Definitive Agreement

Leases in San Diego
On June 20, 2014, Affymetrix, Inc. (the "Company") entered into two leases with BMR-10255 Science Center LP and BMR-10240 Science Center Drive LP (the "Landlord"), for the Company's current premises located at 10255 Science Center Drive, San Diego, California and for premises located at 10240 Science Center Drive, San Diego, California (the "Leases"). The Leases cover premises totaling approximately 82,759 rentable square feet. Subject to the completion of tenant improvements, both Leases are expected to commence in August 2015 and expire in March 2023.
The Lease for 10255 Science Center Drive, San Diego, California will extend the Company's current occupation of those premises until March 2023. The Company expects to relocate some its employees from their current location to 10240 Science Center Drive, San Diego in August 2015, therefore bringing all employees of its eBioscience business unit in San Diego within closer proximity. The Landlord granted the Company (1) an option to renew each Lease for two (2) additional terms of five (5) years each; (2) tenant improvements for the two locations totaling approximately $3.7 million; and (3) a rent-free period for six months.
The foregoing description of the terms of the Leases does not purport to be complete and is qualified in its entirety by reference to the full text of the Lease Amendment, copies of which are attached hereto as Exhibits 10.54 and 10.55.



Item 9.01. Financial Statements and Exhibits

(d) Exhibits.

Exhibit
 Number       Description

10.54      Lease between BMR-10255 Science Center LP and the Company dated June
           20, 2014 (10255 Science Center Drive, San Diego, California).
10.55      Lease between BMR-10240 Science Center LP and the Company dated June
           20, 2014 (10240 Science Center Drive, San Diego, California).


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