ConforMIS, Inc has entered into a lease with landlord Technology Park X LP for 45,043 square feet of office space in Billerica, Mass.
The Billerica property will serve as ConforMIS, Inc’s new corporate headquarters beginning in April 2017, which is the expiration date for the lease ConforMIS Inc has for its current headquarters space in Bedford, Mass. ConforMIS lists its current address as 28 Crosby Dr in Bedford.
ConforMIS will pay no monthly rent for the first six months of the new lease and approximately $76,949 per month for the following six months. After April 1, 2018, its monthly rent payments will increase annually by $0.50 per square foot.
Technology Park X LP is a limited partnership that lists its business address with The Gutierrez Company, the developer behind Technology Park in Billerica. Technology Park in Billerica is a 70-acre master planned development that totals more than 1.2 million square feet of space. The Gutierrez Company says there is 244,000 square feet available for build-to-suit opportunities to complete the build-out of the park.
Major tenants at Technology Park include E-Ink, which leases 140,000 square feet, and Raytheon, which leases 150,000 square feet of space, according to The Gutierrez Company’s website.
The 45,043 square foot lease term for ConforMISin Billerica will commence on April 1, 2017 and expire on October 1, 2025, subject to an extension or an early termination as provided in the lease.
ConforMIS designs and manufactures customized knee implants, for both the femur and tibia, that are individually sized and shaped to fit to each patient’s unique anatomy.