Replit Signs 53,000 Square Foot Office Lease From Exabeam In Foster City California
1051 East Hillsdale Boulevard
Building Size
53,000 SF
Asset Type
Office
Closing
Jul 24, 2026
AI
The property asset involved in the transaction is an office space located at 1051 East Hillsdale Boulevard in Foster City, CA. It encompasses a total area of 53,000 square feet. The landlord for this property is Exabeam.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1051 East Hillsdale Boulevard
- Market: Foster City, CA
- Square Footage: 53,000
- Landlord: Exabeam
- Tenant: Amjad Masad - Replit
The deal highlights Amjad Masad, representing Replit, which signed a sublease with Exabeam. This agreement represents the largest office lease on the San Francisco Peninsula for Q2 and indicates a rising demand for office space from AI companies.
Players
Lodi 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