Waltham, MA (June 12, 2003)—T3 Advisors, LLC (www.t3advisors.com), a strategic real estate advisory and brokerage firm serving technology, life science and venture capital companies, announced today that CXO Systems has subleased 3,205 square feet from Authoria, Inc. at Reservoir Place in Waltham, MA.
Mike Shreve, an associate for T3, advised CXO on the negotiations. Dan Sullivan of Cresa Partners represented Authoria.
CXO Systems, a Series A venture-backed company funded by Grandbanks Capital and Kodiak Venture Partners, provides business applications that allow senior managers of large corporations real time tracking of their enterprises with a one touch dashboard system.
"We were pleased to be able to meet our objectives both in office space and building requirements," said Ed Baum, Co-founder and Chief Financial Officer. "The amenities of Reservoir Place coupled with the benefits of a start-up oriented sublease put us in a comfortable situation from which to focus upon continuing to expand our business. T3’s market knowledge and their familiarity with the concerns of early stage technology companies shined through and were instrumental in driving this transaction."
About CXO Systems: CXO Systems is a provider of visibility solutions that allow senior managers of large organizationsone-touch view of their enterprises. The company is focused on providing real-time information delivery and reporting technologies to enable superior levels of corporate governance by combining the latest in Web Services based technology with informed business intelligence. For more information, please visit www.cxosystems.com.
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