(Exact name of small business issuer as specified in its charter)
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Effective as of November 13, 2014, ACADIA Pharmaceuticals Inc. and Trion Worlds, Inc. entered into a sublease agreement for 51,439 square feet of office space located at 3611 Valley Centre Drive in San Diego, California. The master lease is held by Kilroy Realty L.P., which has consented to the sublease. The term of the sublease is expected to run from January 1, 2015 through February 28, 2019 when the master lease is scheduled to end. The initial monthly base rent is $2.20 per square foot with annual increases of 3.5% commencing January 1, 2016.
The foregoing description of the sublease agreement is only a summary and is qualified in its entirety by reference to the sublease agreement, a copy of which will be filed as an exhibit to ACADIA's Annual Report on Form 10-K for the year ending December 31, 2014.
ACADIA Pharmaceuticals Inc. |
By: | /s/ Glenn F. Baity |
Name: Glenn F. Baity | |
Title: EVP, General Counsel & Secretary |