Brett Adcock Of Figure AI Leases Mixed-Use Space From Landlord Henry Steinberg In San Jose

The property asset involved in the transaction is a mixed-use facility located at 3960 North 1st Street in San Jose. This location encompasses a total square footage of 98,700 square feet, serving as the new headquarters for Figure AI, which previously occupied a 27,900 square-foot space in Sunnyvale.

Summary of transaction details:

• Property Type: Lease
• Transaction Amount: Not disclosed
• Address: 3960 North 1st Street
• Market: San Jose
• Landlord: Henry Steinberg - EQT Exeter
• Tenant: Brett Adcock - Figure AI

Figure AI's relocation to this facility is intended to support its manufacturing, fleet operations, and engineering functions, with lease terms with the landlord EQT Exeter not disclosed.