2004 Article Index
By Robert Weisman, Globe Staff
Boston isn't the cheapest place to do business. Living and housing costs are steep. And you can't play golf year round.
Yet the Boston area continues to attract more than its share of high-technology and life sciences start-ups — just the sort of companies economic development types covet — from other states and countries.
Whether because of a growing economy, an uptick in technology investment or a search for cheaper talent, national and international relocations and corporate expansions are on the rise again.
At Bay Colony Corporate Center in Waltham, there's an easy way to tell the venture capital honchos from the wannabes.
The guys (and gals) who pull up in BMWs and Mercedeses wearing tailored suits and a cool, confident attitude aren't mistaken for the eager, stressed entrepreneurs looking for the next round of funding to sustain a business. The latter usually arrive in midprice Toyotas.
Millennial Net takes 15,400 sf at 2 Fourth Ave. for its new headquarters location. The wireless sensor-networking company will sublease the space for 18 months from EM4 Photonics, then lease directly from the Nordblom Co. for an additional 18 months.
Since most start-ups aren't flush with cash, this means that you're going to need to get friendly with the concept of compromise, says Roy Hirshland, CEO of T3 Advisors, a real estate company in Waltham, Mass., that specializes in working with tech companies.
By Roy Hirshland and Mike Shreve
It's the best of times for established technology companies that are either seeking new space, looking to renew their existing leases or simply want to expand. For startups or early-stage venture-funded companies, the timing could not be better. They can now find ideal space for reasonable rates and terms in Greater Boston — from downtown Boston to Cambridge and from Route 128 to Route 495.
The first week of every month, Mass High Tech presents a roundup of local real estate transactions involving technology companies in New England.
T3 client deals recognized last month were Chantry Networks, Macromedia, and JAFCO American Ventures.
Roy Hirshland, president, CEO, and co-founder of high-technology focused T3 Advisors, will address the vital role of leadership as it relates to customers in technology industries as well as to associates in a company's particular business sector. Hirshland believes leadership is a key ingredient to the success of all high technology businesses today.
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