Surgical Robotics Firm Expands Home Base To 72K SF In Waltham

Courtesy of Vicarious Surgical
Vicarious Surgical's Headquarters At 78 Fourth Ave. In Waltham.

A surgical robotics company is expanding its new Waltham space to double its capacity for testing and manufacturing.

Vicarious Surgical, a publicly traded company that develops a first-of-its-kind surgical robot, is moving into 30K SF at 62 Fourth Ave. in Waltham. The property sits near Vicarious’ 8-month-old headquarters lease for 42K SF at 78 Fourth Ave., a former headquarters for robotics-maker Boston Dynamics.

Both spaces are owned by Fourth Avenue LLC, a company owned by James Magliozzi, according to Securities and Exchange Commission filings published earlier this month. A representative for J.F. White Properties, a Magliozzi-owned company, confirmed it was the landlord of the Vicarious Surgical spaces.

“Increasing our physical footprint allows us to more than double our capacity for development, testing, and manufacturing; this expansion will ultimately enable Vicarious Surgical to welcome broader hospital and surgeon engagement,” Vicarious Surgical CEO Adam Sachs said in a release.

The former office and research and development spaces were good fits for Vicarious’ operations and growth, Lincoln Property Co. Senior Vice President Tim Latham, who represented Vicarious Surgical in lease negotiations, said in a statement Wednesday.

Vicarious, which relocated from Charlestown at the beginning of the year, will pay approximately $25 per SF at 62 Fourth St. and $30 per SF for its HQ beginning next April after a lease amendment period, according to an SEC filing. Its lease will run for 10 years and includes a five-year extension option, ensuring a long-term home in the bustling office and life sciences submarket approximately 14 miles west of Boston.

Vicarious Surgical was granted Breakthrough Device Designation by the U.S. Food and Drug Administration in 2019, the first designation for a surgical robot by the FDA, according to Vicarious. The firm’s backers include Bill Gates and the prolific venture capital firm Khosla Ventures.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Boston Newsletters
Related Stories

Energy Company Opens 125K SF Newton Office: The Boston Deal Sheet

Simon Approaching End Of The Road With Struggling Suburban Boston Mall

Wu Proposes Tax Breaks To Jump-Start Stalled Housing Projects

Taconic Partners Sheds Another NYC Life Sciences Property

Judge Dismisses Suit Alleging Alexandria Misled Investors Over Portfolio Strength

Oxford Properties' U.S. Investment Head On Why It's Buying Office Again — And Where

New Occupiers And More VC Money Fuel UK Life Sciences Rebirth

DFW's Life Sciences Sector Offers Startups The Ingredients They Need To Scale

Davis Looks To Sell 16-Building Beacon Hill, Back Bay Portfolio

Healey's New Data Center Rules Make Massachusetts A Tough Sell For Developers

Anthropic Doubling Local Presence With Cambridge Office Lease

Berkeley Partners Buys 2 Industrial Buildings For $36M: The Boston Deal Sheet