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1001 Page Mill Road

Alex Hawkinson Of BrightAI Signs Full-Building Lease For 26891 Square Feet In Palo Alto
LEASEDOffice

Alex Hawkinson Of BrightAI Signs Full-Building Lease For 26891 Square Feet In Palo Alto

1001 Page Mill Road

Building Size

26,891 SF

Asset Type

Office

Closing

Feb 24, 2026

AI

The property asset involved in this lease is located at 1001 Page Mill Road in Palo Alto. It consists of office space totaling 26,891 square feet, situated in a market characterized by a growing presence of technology startups, particularly in artificial intelligence and robotics.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Full-building lease
  • Address: 1001 Page Mill Road
  • Market: Palo Alto
  • Asset Square Footage: 26,891
  • Tenant: Alex Hawkinson - BrightAI

The deal features Alex Hawkinson, the founder of BrightAI, who signed the lease to expand the company's facilities within Stanford Research Park. The lease aligns with the increasing demand for infrastructure-focused AI and robotics development in the region.

Players

Alex Hawkinson

BrightAI

Tenant

2 deals

Tenant

Palo Alto Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93