CPS Technologies Corp. has entered into a lease agreement for a new 80,000 square foot facility in Attleboro, Massachusetts, to which it will relocate its corporate offices, manufacturing operations, and product development activities during 2027.
Key Details
- Lease Term: The initial term is twelve years and ten months, effective August 19, 2026, with two options to extend for five years each.
- Financial Terms: Base rent commences on December 1, 2027, at $85,000 per month for the first six months, increasing to approximately $1.05 million for the following year, with 3% annual escalations thereafter. The agreement includes a six-month base-rent-free period.
- Improvements & Relocation: The landlord will contribute up to $3.2 million for facility improvements, contingent on CPS first spending at least $1.6 million. The company plans to complete its relocation from its current Norton, MA facility during 2027.