Corcept Therapeutics signs Redwood City sublease covering about 50,632 square feet
Corcept Therapeutics entered into a sublease on April 12, 2024 for about 50,632 rentable square feet at 101 Redwood Shores Parkway in Redwood City, California, with the sublessor Zuora, Inc. The lease runs from about July 1, 2024 through June 30, 2030, creating a new direct financial obligation. The filing discloses base rent averaging $1.4 million a year plus $240,000 a year for shared amenities, a modest commitment that the filing does not compare with Corcept's financial results.
- Sublease dated April 12, 2024 with Zuora, Inc. for about 50,632 rentable square feet
- Term expected to start on or around July 1, 2024 and end June 30, 2030
- Base rent averages $1.4 million annually, plus $240,000 annually for shared amenities space
- Full sublease to be filed with a Form 10-Q; Corcept intends to seek confidential treatment for some terms