WALTHAM, Mass. (1/19/05) - T3 Advisors, (www.t3advisors.com), a strategic real estate advisory and brokerage firm serving technology and venture capital companies, today announced that their client, ThingMagic LLC (www.thingmagic.com), has signed a two and a half year lease for 19,729 square feet at One Broadway in Cambridge, Mass.
Roy Hirshland, president and CEO of T3 Advisors, represented ThingMagic. Chuck Kavoogian of CB Richard Ellis Group, Inc. represented the sublandlord of the space.
Founded in 2000 by five MIT PhDs, ThingMagic is a leading developer of radio frequency identification (RFID), sensing and embedding computing technologies. Mercury4, ThingMagic's fourth generation agile RFID reader, builds on and substantially enhances the company's original platform created for early field tests of the Electronic Product Code (EPC). Designed to meet the business needs of a future where networked objects are pervasive, the Mercury4 line of RFID readers also includes an embedded reader, Mercury4e, and a handheld reader, Mercury4h. Mercury4 RFID readers are the only intelligent, network-ready RFID readers, and the only devices that can read any RFID tag.
The move will be a short one for ThingMagic, which previously leased space in the same building. It was a priority for company executives to remain in Cambridge's Kendall Square, the geographic core of the region's technology research and innovation, said Tom Grant, CEO of ThingMagic.
"Our company was founded by five MIT researchers, and T3 Advisors understood our need to keep our roots planted near the university and in the backyard of technology innovation," said Grant. "T3 Advisors helped us secure a lease deal that enables us to expand our operations, but not loose our identity or neighborhood."
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