Corcept subleases 50,632 sq ft in Redwood City from Zuora for six years

CORCEPT THERAPEUTICS INC

Sublease with Zuora for ~50,632 rentable sq ft at 101 Redwood Shores Pkwy, Redwood City.
Base rent avg $1.4M/yr plus $240K/yr shared amenities; term July 1, 2024 to June 30, 2030.
Corcept has right to sublease additional space under certain circumstances.
Sublease creates a direct financial obligation but no new debt or financing.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CORCEPT THERAPEUTICS INC entered into Sublease with Zuora, Inc. valued at base rent of an average of $1.4 million annually and Shared Amenities Space base rent of an average (effective 2024-04-12).

Action: entry
Agreement: lease
Counterparty: Zuora, Inc.
Value: base rent of an average of $1.4 million annually and Shared Amenities Space base rent of an average
Effective: 2024-04-12

Exact text from the filing

On April 12, 2024, Corcept Therapeutics Incorporated (“Corcept”) entered into a sublease (the “Sublease”) with Zuora, Inc. for a portion of the premises located at 101 Redwood Shores Parkway, Redwood City, California 94065 (the “Building”).

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CORCEPT THERAPEUTICS INC filing history →

Source: SEC EDGAR

accession 0001193125-24-098492

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