other material
confidence high
sentiment neutral
materiality 0.50
LB Pharmaceuticals expands office lease at One Penn Plaza, adds 4,634 sq ft
LB PHARMACEUTICALS INC
- Amendment adds 4,634 rentable sq ft on 10th floor; lease expires March 31, 2032.
- Annual rent: $430,962 first 3 yrs, then $477,302; 150-day rent abatement.
- Landlord to deliver expansion by July 1, 2026; delay credit of $1,180.72/day.
- Security amount increased to $740,186.66 under amended lease.