Candel Therapeutics Inc. has confirmed the extension of its lease agreement with 117 Kendrick DE, LLC for its premises at 117 Kendrick Street, Needham, Massachusetts. The original lease, dated February 4, 2019, has been amended to extend the term from August 31, 2026, to August 31, 2029. Starting September 1, 2026, the base rent for the approximately 15,197 rentable square feet will be set at $607,880 per year, with annual increases of $15,197 during the extended term. This agreement is documented in a First Amendment to Lease Agreement, filed as Exhibit 10.1 in the company's latest Form 8-K report.
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