Retell AI, a fast-growing voice-AI startup, has locked in a three-year lease for 13,346 square feet at 540 Price Avenue in Redwood City, carving out a major footprint on the first and second floors with a May 1 move-in date. The company is combining the two suites into one Peninsula hub for its engineering, product and operations teams, effectively taking most of the building’s office space and securing a contiguous block near Highway 101.
The lease was first reported by CoStar, which lists the three-year term, the May 1 start date and JLL brokers Joey Alftin and Matt Winters as the dealmakers. CoStar also notes that Retell plans to operate both suites as a single, unified location.
About The Building
The two-story property at 540 Price Avenue totals roughly 17,025 rentable square feet and dates to 1985, according to public listings. Marketing materials describe the space as flexible R&D and office space, with contiguous availability up to 13,346 square feet and building features including elevator service and heavy-power capacity.
The property’s listing on LoopNet and the owner page at Beals Martin lay out floor plans, broker contacts and leasing details for the building…