WALTHAM, MA (May 27, 2003)—T3 Advisors, LLC (www.t3advisors.com), a strategic real estate advisory and brokerage firm serving technology, life science and venture capital companies, today announced that it represented mbi (http://www.medibank.com) in its subleasing of 7,404 square feet of office space from Cysive at Reservoir Place, 1601 Trapelo Road in Waltham, Mass.
T3 Advisors President Roy Hirshland and Associate Mike Shreve advised mbi on the sublease transaction. John Caroll III of Meredith & Grew represented Cysive.
1601 Trapelo Road is a 529,000-square-foot office building owned and managed by Boston Properties.
"T3 was a large asset in helping us evaluate our current real estate position and assess our future needs and goals," said Charles Hagedorn, Vice President of mbi. "After touring the market, evaluating relocating or expanding to a new sublease in Reservoir Place, T3 was able to help us structure a new deal that meets our needs."
About mbi (http://www.medibank.com): Founded in 1995, mbi introduced the first debit card to the healthcare industry for pre-tax benefit administration of FSAs, HRAs, Transit, Dependent Care and other defined contribution plans. The mbi Flex Convenience® Card enables employees using health reimbursement arrangements to pay for eligible healthcare expenses wherever MasterCard® is accepted, including physician and dental offices, pharmacies and vision service facilities. More than 200 Third-Party Administrators offer the mbi Flex Convenience® card to provide over 4000 employers, such as BellSouth, CompUSA, eBay and SC Johnson, and close to 300,000 employees enjoy the advantages of mbi’s system.
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