WALTHAM, Mass. (March 15, 2006) - T3 Advisors, (www.t3advisors.com), a full-service real estate advisory and brokerage firm, today announced that TAGSYS, the global leader in item-level RFID infrastructure (www.tagsysrfid.com), has secured a sublease for 8,767 square feet at One Cambridge Center in Cambridge.
Roy Hirshland, president and CEO and Mike Shreve, vice president of T3 Advisors, represented TAGSYS. Dave Townsend of Cushman & Wakefield represented the sublandlord, Brightcove.
"TAGSYS' move to Cambridge is driven by the company's growth needs but also by the deep pool of available talent in the area," said John Jordon, president of Worldwide Field Operations at TAGSYS. "T3 Advisors not only understood our needs, but quickly located an office that was ready for us to move into, saving us both time and money."
TAGSYS is the world's leading provider of item-level RFID infrastructure. The opening of the Cambridge office complements its existing office in Doylestown, Penn., and the company's European HQ in Marseilles, France and Asian HQ in Hong Kong, China. The Cambridge office will enable the company to further expand its presence in the fast growing item-level RFID market in the US, addressing industries including pharmaceutical, healthcare, retail, fashion, luxury goods, libraries and textile rental.
About TAGSYS
TAGSYS is the global leader in item-level RFID infrastructure. TAGSYS provides RFID systems and tags for end-to-end item-level tracking that automates labor-intensive processes, authenticates and safeguards goods, and enables real-time inventory and asset visibility. With a proven track record of delivering Reliable, Accurate and Secure (R.A.S.) RFID systems and tags, TAGSYS has deployed over 60 million tags and 50,000 reader systems to over 500 customers in more than 40 countries. TAGSYS RFID solutions are currently being deployed in a range of highly specialized vertical markets that include pharmaceutical, fashion apparel, libraries, and textile rental. The company is headquartered in Cambridge, Massachusetts with offices and R&D Centers in France's Smart Valley, in Doylestown, Pennsylvania and in Hong Kong. More information on TAGSYS can be found at http://www.tagsysrfid.com.
About T3
Advisors
T3 Advisors is a full-service real estate advisory firm for corporations and institutions that view real estate as an important component of their operations. With over 100 clients in industries such as financial services, legal, life sciences, technology and venture capital, T3 Advisors represents tenants-only, allowing the firm to provide objective, unbiased advice to every client. Services include brokerage, strategy & counsel, project management, disposition and portfolio management & administration. For additional information visit www.t3advisors.com.
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Contact:
Kristen Collins
KMC Partners Public Relations
617-833-5574
kristen@kmcpartners.com
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