2005 Article Index
Three years ago, finding real estate was a tidy, pre-packaged breeze for many recently-funded technology companies.
When James Lippie recently became chief executive of Thrive Networks Inc., he inherited a firm that was an old hand at exploiting the tightly knit relationships between firms linked by a common thread - their venture capitalists.
Almost everyone is gunning for your business. But will your vendors treat you the way you treat your customers - like a true partner? Here are some questions to ask before making a commitment.
An accommodating owner and some quick negotiations spurred a 9,500-sf lease deal that helped bring an area office building to 50% occupancy. For building owner Boston Properties and tenant, StreamBase Systems, the process meant the software developer could quickly move into the 55,000 sf , three-story building, located in the 320,000 sf Spring Street Office Park, and that the owner has a three-year tenant.
The power station that sent steam heat to all 11 buildings of the Watertown Arsenal for nearly two centuries is a pipsqueak among giants in the former Army complex. But the little brick building is impossible to miss.
Harvard University isn't shy about spending money for land or office space just in case it might need it in the future. It's in the early stages of master-planning its Allston initiative, for example, and three years ago it purchased the Arsenal on the Charles in Watertown, although now the school's not likely to need that Watertown space for academic use.
ThingMagic, a developer of radio frequency identification technologies, signed a two-and-a-half year sublease expanding to 19,729 sf in the Cambridge Innovation Center at One Broadway. The deal quadruples its space. The technology firm was previously a direct tenant of the building, owned by MIT, at about 5,000 sf.
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