Tarsus Pharmaceuticals signs 10-year lease for new HQ in Irvine, CA

Tarsus Pharmaceuticals, Inc.

Lease for 59,626 sq. ft. at 17700 Laguna Canyon Road, Irvine, CA; term 120 months.
Initial monthly base rent $211,672.30, with ~3% annual increases; 5-month rent abatement (~$656,756).
Construction allowance up to ~$6 million; security deposit via $2.56M letter of credit.
Lease commences ~11 months after signing or upon start of business activities at Premises.

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