Jazz Pharmaceuticals Unit Terminates Lease Agreement With Stanford University, Effective June 30, 2025, Will Pay Lease Modification Fee, And Signs New Lease With Hudson Palo Alto Square To Occupy New Premises By July 1, 2025
Portfolio Pulse from Benzinga Newsdesk
Jazz Pharmaceuticals' unit has terminated its lease agreement with Stanford University, effective June 30, 2025, and will pay a lease modification fee. The unit has signed a new lease with Hudson Palo Alto Square to occupy new premises by July 1, 2025.
October 16, 2024 | 8:25 pm
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Jazz Pharmaceuticals' unit is relocating from Stanford University to Hudson Palo Alto Square, effective mid-2025, involving a lease modification fee.
The relocation of Jazz Pharmaceuticals' unit involves a lease termination and a new lease agreement, which may have financial implications due to the lease modification fee. However, the impact on stock price is likely neutral in the short term as it is a planned move with no immediate operational disruptions.
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