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AI Firm Doubles Office Footprint in Waltham Sublease

Aug 2, 2021 | Reprints | Print

Image courtesy of Cushman & Wakefield

A Waltham security technology company that went public this year in a deal valuing it at a reported $1.7 billion is doubling its office space with a sublease deal.

Evolv Technology subleased 33,643 square feet from footwear manufacturer Wolverine Worldwide at 10 CityPoint in Waltham for its new headquarters, Cushman & Wakefield said in a statement.

Evolv develops AI screening technology used by schools, workplaces and stadiums to detect weapons. In March, the company completed a merger with New Hold Investment LLC to go public as part of a special acquisition company (SPAC) deal.

Cushman & Wakefield’s John Boyle, Ross Gaudet and Kevin McNamara brokered the transaction.

The 450,000-square-foot 10 CityPoint was developed by Boston Properties and includes retail space occupied by Ruth’s Chris Steak House and Orange Theory Fitness.

B&T Daily