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1601 Trapelo Road

Boston Dynamics Leases 320,000 Square Feet At BXP's Reservoir Place In Waltham For Robotics Center
LEASEDOffice

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

Owen D. Thomas

BXP

Landlord

$2B

vol

20 deals

Landlord

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