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

Photo credit: 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

Boston Property Owners Raise Alarms About Cost Of Electric-Building Push

Clarion Under Contract To Sell 18-Story Seaport Office Tower

How A New Financing Model Helps Spur More Mixed-Income Housing

Law Firm Relocating To South Station Tower: The Boston Deal Sheet

Boston Waterfront Property Planned For Hotel Project Put Up For Sale

BioMed Hands Boston Lab, Office Property To Lender

Blackstone's Industrial Arm Sells Revere Warehouse For $45M

Affordable Housing Developer Plans $63M Newton Project: The Boston Deal Sheet

Pharma Company Moving Headquarters From Suburbs To Downtown Boston

With Bump In Defense Spending, Massachusetts Reaches For A Bigger Slice Of The Pie

Wood Partners Wins Somerville Site Bidding, Increases Plan To 418 Units

RMR Plans Office-To-Residential Conversion In Watertown: The Boston Deal Sheet