POC Signs New Lease Agreement for South Portland Commercial Space

Reuters

21 May

POC Signs New Lease Agreement for South Portland Commercial Space

Precision Optics Corporation, Inc. has entered into a significant new lease agreement with 400 Southborough, LLC for a commercial space located at 500 Southborough Drive, South Portland, Maine. The lease covers approximately 8,750 square feet and is set to commence on August 1, 2025, pending the completion of necessary landlord work and the issuance of a certificate of occupancy. The initial lease term is for eight years, with two optional five-year extensions. The lease features a triple net structure, with an initial annual base rent of $131,250, subject to a 3% annual increase. Additionally, the company will receive a tenant improvement allowance for fit-up and architectural costs. This strategic move is expected to support Precision Optics Corporation's continued growth and operational expansion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. POC - Precision Optics Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001683168-25-003888), on May 20, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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ID: 0001683168-25-003888), on May 20, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"POCI","symbol_name":"PRECISION OPTICS INC(MASS)","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250520:nNDL2bfH5x:1","article_id":"2537623547","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2537623547","pubTimestamp":1747772156,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Precision Optics Corporation, Inc. has entered into a significant new lease agreement with 400 Southborough, LLC for a commercial space located at 500 Southborough Drive, South Portland, Maine. 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