Boston Dynamics Leases 320,000 Square Feet At BXP's Reservoir Place In Waltham For Robotics Center
1601 Trapelo Road
Building Size
320,000 SF
Asset Type
Office
Closing
Jun 25, 2026
AI
The asset involved in this lease transaction is an office space located at 1601 Trapelo Road, Waltham, MA. The total square footage of the property is 320,000 square feet, situated in the Waltham market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Landlord: Owen D. Thomas - BXP
- Tenant: Boston Dynamics
- Date: 06/25/2026
Boston Dynamics has entered into a long-term lease agreement with BXP for the property, where the tenant plans to invest approximately $100 million in developing a robotics and AI center.
Players
Market 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