MIPS gets six months free rent on Sunnyvale space(0)
MIPS Technologies will pay no rent during the first six months of a seven-year lease it signed Feb. 27 with AMB Property for 36,013 square feet of R&D space at 955 E. Arques in Sunnyvale, according to the lease, which begins June 1.
In the seventh month of the lease, MIPS will begin paying $52,281.85 per month for the space, or $1.45 per square foot per month, with three percent annual increases thereafter.
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