BXP signs 320,000-square-foot lease with Boston Dynamics at Reservoir Place

Corporate ActionProduct / Tech
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Summary · why it matters

BXP has executed a long-term lease with Boston Dynamics for approximately 320,000 square feet at Reservoir Place, a 530,000-square-foot building in Waltham, Massachusetts. The robotics company plans to invest about $100 million to develop a state-of-the-art robotics and AI center at the property and create up to 1,250 new jobs by 2033. Boston Dynamics will consolidate and expand manufacturing, R&D, training, and AI functions currently spread across multiple locations, with phased relocation beginning in mid-2027. The deal is one of the largest innovation-driven office transactions in Greater Boston this year and supports the company's launch of a third robot platform this decade.

Impact on stocks 1

Real Estate▲ · 1 stocks
BXP, Inc.
BXP
▲ PositiveDemandrelevance

BXP signs a major 320,000 sq ft lease with Boston Dynamics, one of the largest innovation-driven office transactions in Greater Boston this year.

Theme Impact 4

Off-coverage companies 1

Boston DynamicsPrivate▲ Positive
Technologyrelevance

Boston Dynamics plans to invest $100M in a robotics and AI center, consolidate operations, and launch a third robot platform this decade.

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