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Brett Adcock Of Figure AI Leases 64,000 Square Feet Office Space In San Jose

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LEASED

California

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Office64,000 SF
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LEASED

Brett Adcock Of Figure AI Leases 64,000 Square Feet Office Space In San Jose

3939 North 1st Street

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Office64,000 SF
Leased
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:64000 SF
Transaction Type:Lease

The asset involved in this transaction is a 64,000-square-foot office building located at 3939 North 1st Street in the San Jose market. This property is utilized for research and development as well as flex space, catering to the needs of contemporary businesses.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 3939 North 1st Street
  • Market: San Jose
  • Asset Size: 64,000 square feet
  • Tenant: Brett Adcock - Figure AI
  • Valuation of Tenant: $39B

Brett Adcock, representing Figure AI, has secured the lease for the property, which will serve as their specialized lab and manufacturing space, promoting their growth along the North First Street corridor where their headquarters is located.

Details

LEASED
IMAGE: Brett Adcock DATE: 03/06/2026 ADDRESS: 3939 North 1st Street MARKET: San Jose ASSET TYPE: Office ~ SF: 64,000 TENANT: Brett Adcock (@Brett_Adcock) - Figure AI (@FigureHumanoid) NOTE: Figure AI leased a 64,396-square-foot R&D and flex building at 3939 North First Street in San Jose, expanding its presence along the North First Street corridor near its headquarters campus. The humanoid robotics firm, valued at $39B, will use the space for specialized lab and manufacturing operations.

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Deal Type
Effective Rent (Annual)

$3,668,441.38

Total Lease Value

$36,684,413.80

Net Landlord Cash Flow$3,668,441.38