Supernus Pharmaceuticals Extends Lease, Expands in Rockville, MD

Photo: LoopNet

Supernus Pharmaceuticals, Inc. has amended its lease with ARE-Acquisitions, LLC, an affiliate of Alexandria Real Estate Equities, for its headquarters space at 1550 East Gude Dr in Rockville, MD.

The company has also amended its lease with another affiliate of Alexandria Real Estate Equities, ARE-1500 East Gude, LLC, for its facility at 1500 East Gude Drive, also in Rockville, MD.

The lease at 1550 East Gude Dr expired on April 30, 2018. The amendment extends that lease term until April 30, 2020. The base rent payments for the twelve-month period that ends on April 30, 2020 will be $1,083,674, payable in twelve equal monthly installments.

The lease at 1500 East Gude Dr also expired on April 30, 2018. The amendment extends that term until the same expiration date as the lease at 1550 East Gude Dr.

The amendment also expands Supernus Pharmaceuticals’ space at 1550 East Gude Dr by 8,630 square feet. The company will pay an additional $8,069 per month in rent for the expansion space. The base rent for all space under the amended lease at 1500 East Gude Dr will be approximately $254,812 payable in twelve equal monthly installments.

No broker was involved with this transaction, according to the lease amendment.