other material
confidence high
sentiment neutral
materiality 0.55
Castle Biosciences signs 126-month lease for 44,677 sq ft Pittsburgh office/lab
CASTLE BIOSCIENCES INC
- Initial term of 126 months; first 36 months 20,856 sq ft, expanding to 44,677 sq ft from month 37.
- Base rent: $3.62/sq ft/yr first six months, then $28.62–$34.84/sq ft/yr over term.
- Landlord contributes up to $2.5M for leasehold improvements; company pays excess.
- Company has option to extend lease for one additional five-year period at fair market rent subject to floor.
- Early termination option after month 90 with $2.3M fee, subject to adjustment.