LB Pharmaceuticals Expands One Penn Plaza Lease with Additional 4,634 Square Feet
LB Pharmaceuticals Inc. has amended its lease with One Penn Plaza LLC to include an additional 4,634 square feet on the 10th floor, effective until March 31, 2032. The expansion premises will be delivered by July 1, 2026, with an initial annual rent of $430,962, increasing to $477,302 after three years. A rent abatement applies for the first 150 days post-delivery.
LB Pharmaceuticals Inc. has entered into a First Amendment of Lease with One Penn Plaza LLC, amending its existing lease agreement dated May 20, 2024. The amendment provides for the lease of an additional 4,634 rentable square feet on the 10th floor at One Penn Plaza, New York. The lease term is scheduled to expire on March 31, 2032. The landlord will endeavor to deliver the expansion premises by July 1, 2026. Upon delivery, the fixed rent for the expansion premises will be $430,962 per year for the first three years, increasing to $477,302 per year starting on the third anniversary of the commencement date. A fixed rent abatement will apply for the first 150 days following delivery, subject to the terms of the amendment. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LB Pharmaceuticals Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-279074), on November 13, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
