Pro Dex subsidiary renews and expands lease agreements for Costa Mesa facilities

Pro-Dex, Inc. (PDEX) has announced the renewal and expansion of lease agreements for its Costa Mesa facilities, as reported by Investing.com. The expansion is being driven by the company's growth, with a market cap of $189 million and a trading P/E ratio of 14.3. Advanced Precision Machining, LLC (APM), the subsidiary responsible for the lease agreements, has entered into multiple new and renewed lease agreements with Trico Costa Mesa Properties, L.P.

These agreements cover approximately 2,500 square feet at various locations, extending the lease term through September 30, 2030. Additionally, APM has signed a new lease with the Salter Family Trust for 5,800 square feet at 921-923 Newhall Street, with a base rent starting at $11,600 per month.

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