Hippo terminates Palo Alto lease, relocates to San Jose for cost savings

Hippo Holdings Inc.

Terminated lease for 15,000 sq ft at 150 Forest Ave, Palo Alto, effective April 14, 2025.
One-time lease termination payment of $1,438,411 to landlord Tallwood Forest, LLC.
Company securing office space in San Jose, CA; expects significant annual cost savings.
Original lease dated June 14, 2019, as amended on January 26, 2020.

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