other material
confidence high
sentiment neutral
materiality 0.30
MeiraGTx enters 7yr7mo lease for 14,235 sq ft NYC lab; terminates prior sublease
MeiraGTx Holdings plc
- New lease with ARE-East River Science Park for lab/office space at $111/sq ft/yr, 3% annual escalations.
- Landlord contributes $50/sq ft ($712K) toward tenant improvements; rent abated first 4 months plus a period in year 2.
- Initial term ~7yr7mo with a 5-year extension option; expected commencement between July and August 2025.
- Existing sublease with ImClone Systems terminated early, from Oct 2026 to ~Aug 31, 2025.