iSpecimen (ISPC) has shared an announcement.
iSpecimen Inc. has secured a five-year commercial lease for an office space in Woburn, MA, with an annual base rent of $72,736, adjustable based on the U.S. Bureau of Labor Statistics, and additional costs for real estate taxes and utilities. The company has the option to extend the lease for another five years, given certain conditions are met. Concurrently, iSpecimen Inc. has exercised an early termination option for its Lexington, MA lease, effective August 31, 2024, after fulfilling the required termination payment and notice conditions.
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