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Extrusion 3D printer OEM Markforged (NYSE: MKFG) is relocating its world headquarters to Waltham, Massachusetts. The brand new Markforged HQ will unite the corporate’s workers who’ve been working from two totally different amenities in Watertown, additionally in Massachusetts, in a single location at 60 Tower Highway, and Markforged will almost double its footprint to allow additional progress.
“I’m very happy with our workforce’s successes during the last 12 months and the momentum that we’re constructing. We proceed to develop and speed up our product roadmap, and are seeing demand for our latest merchandise, just like the FX20. Our quickly rising workforce has almost doubled in 2021, and this headquarters relocation is a pure subsequent step that may allow us to create a state-of-the-art area for our workers, our companions, and our prospects to expertise what Markforged is all about,” stated Shai Terem, President and CEO. “I’m most enthusiastic about bringing our company, business, and engineering groups collectively beneath one roof to gasoline collaboration and innovation. Working as one workforce is crucial worth of our tradition and our success, and this new area will empower our workers to work aspect by aspect to satisfy our mission to reinvent manufacturing.”
The brand new Markforged HQ in Waltham will occupy 120,000 sq. toes throughout 4 flooring. This LEED Gold licensed fashionable workspace can accommodate over 500 workforce members with an expansive 5,000 sq. foot roof deck, excessive home windows with pure gentle, and an interactive product showroom that may create a collaborative setting for Markforged workers and is inside strolling distance of native eating places and retailers. As well as, the corporate can be constructing out state-of-art engineering amenities and laboratories for its groups to proceed delivering the accelerated and progressive product roadmap round {hardware}, software program, and consumables that make up the Digital Forge. Markforged expects to finish the transfer within the fall of 2022.
Along with the Waltham company headquarters, as Markforged seems to be to fulfill calls for for its merchandise, it is going to additionally almost double the scale of its Billerica, Massachusetts, filament manufacturing facility in 2022 by including almost 22,000 sq. toes, bringing the entire footprint to 46,000 sq. toes. Markforged anticipates the completion of this growth by the top of subsequent 12 months.
“As we introduce new merchandise just like the FX20 to {the marketplace}, we’re excited to put money into the corporate to fulfill buyer demand,” stated Matt Gannon, Vice President, Operations at Markforged. “This new area will higher place Markforged to scale our consumables processes and lay the muse for brand spanking new supplies improvement.”
Rob Byrne and Philip Verre of Cushman & Wakefield brokered the lease for Markforged with Boston Properties, proprietor of 60 Tower Highway. IA Inside Architects has been chosen because the design agency to create a headquarters that may help Markforged’s progress and mirror its tradition.
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