2800 Mount Ridge Road
Roseville, Minnesota

The subject property is the corporate headquarters and research facility for Calyxt, Inc. located in the Minneapolis suburb of Roseville, Minnesota. Calyxt, Inc. is an agriculture biotechnology company focussed on creating healthier specialty food ingredients and advantageous food crops through the use of gene editing technology for plants. In July 2017, this Minnesota-based company had a successful Initial Public Offering (NASDAQ: CLXT). Calyxt, Inc. is a wholly owned subsidiary of Cellectis SA, who holds 80% of the outstanding stock. The 10+ acre site currently houses a 6,060 sf greenhouse and 4,864 sf headhouse. The "addition" will consist of a new 37,990 sf corporate headquarters and research facility. On September 1, 2017, Calyxt Inc. executed a 20 year, bond net lease with the developer. Additionally, Cellectis SA further guarantees the tenant's performance of the lease. The Cellectis guaranty will remain in place until Calyxt, Inc. maintains a tangible net worth of $300 million for two consecutive calendar years.