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Anchors a marquee tech tenant, supports occupancy and rent growth expectations for Reservoir Place, and reinforces the appeal of BXP's Urban Edge assets in MA, which can positively influence NOI and valuation metrics over the near to medium term.
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BXP signed a long-term lease with Boston Dynamics for about 320,000 sq ft at Reservoir Place in Waltham, tying a major tech tenant to its Urban Edge campus. The deal, among Greater Boston's largest innovation-driven leases this year, supports a $100M robotics/AI center and up to 1,250 jobs by 2033, signaling robust demand for high-quality, tech-enabled workplaces.
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