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On September 26, 2025, Artivion, Inc. (the "Company") entered into two Real Estate Purchase and Sale Contracts having substantially similar material terms, except as noted otherwise herein.
The first agreement is between the Company and 1300 East Anderson Lane, Ltd. (the "1300 Seller"), a Texas limited partnership (the "1300 Purchase Agreement"). Pursuant to the 1300 Purchase Agreement, the 1300 Seller agreed to sell, and the Company agreed to purchase, the two office buildings currently leased and occupied by the Company for a cash purchase price of $12.05 million. These buildings serve as the basis for the Company's On-X manufacturing operation. The purchase includes the underlying land, along with certain appliances and equipment located thereon (collectively, the "1300 Property"). The buildings comprise approximately 75,000 square feet of combined manufacturing, administrative, laboratory, warehouse, and office space located in Austin, Texas.
The second agreement is between the Company and Sentinel Austin I, LLC (the "1200 Seller"), a Delaware limited liability company (the "1200 Purchase Agreement"). Pursuant to the 1200 Purchase Agreement, the 1200 Seller agreed to sell, and the Company agreed to purchase, a building comprising approximately 87,000 square feet, together with the underlying land and certain appliances and equipment located thereon (collectively, the "1200 Property"), for a cash purchase price of $8.45 million. The 1200 Property is immediately adjacent to the 1300 Property in Austin, Texas and will allow the Company to expand its footprint in the Austin area as its capacity needs continue to rise in the coming years.
Posted In: AORT
