CAMBRIDGE, Mass. (August 4, 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 Nexaweb Technologies has subleased 3,179 square feet at 10 Canal Park in Cambridge, MA.
Nexaweb develops innovative software products that unleash the potential of the web for the extended enterprise: thin-client, high-performance Rich Internet Applications. The firm recently secured a Series A round of funding from Egan-Managed Capital, Velocity Partners, and Masthead Partners.
"We were facing a unique situation where our lease expiration nearly paralleled our anticipated funding completion date," said CEO Larry Geisel. "With help from T3, we were able to secure the Canal Park space in advance of the funding, and when the round officially closed, we were able to occupy the space within a few weeks. T3 supported us throughout the entire process, from start to finish, and helped us to take advantage of a great space opportunity in this market."
Mike Shreve of T3 Advisors represented Nexaweb in the negotiations. Spaulding and Slye Colliers’ Damian Szary and John Duffy advised the sublessor, Aspen Technology.
About T3 Advisors: Headquartered in Waltham, Mass., Headquartered in Waltham, Mass., T3 Advisors offers technology companies a superior portfolio of real estate brokerage and strategic advisory services. T3 Advisors focuses solely on representing technology companies, and has been hailed as the industry leader in this fast-changing and technology-driven segment of the market. For more information about T3 Advisors, please call us at (781) 890-5400, or visit our website at: www.t3advisors.com.
About Nexaweb Technologies: Nexaweb develops innovative software products that unleash the potential of the Web for the extended enterprise: thin-client, high-performance Rich Internet Applications. Nexaweb helps corporations improve business performance by powering enterprise Web applications that deliver more value to their customers, differentiate their offerings, grow their business and profits, while lowering technology costs and boosting the return on technology investments. Nexaweb helps enterprise IT organizations develop and deploy thin-client, high-performance Rich Internet Applications quickly and easily, without upgrading infrastructure, changing tools, or adding additional layers of cost and complexity, while future-proofing the architecture for mobile and Occasionally Connected Computing. For more information about Nexaweb visit www.nexaweb.com or call Barry Gilbane at 617-577-8100 x 2006.
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