Waltham, MA (December 6, 2001) T3 Advisors, LLC (www.t3advisors.com) announced today that Teraphase Technologies, Inc. has leased 10,000 square feet at Reservoir Place in Waltham, Massachusetts to serve as its new headquarters. T3 Advisors represented Teraphase in this lease transaction, while Andy Majewski of Insignia/ESG represented the landlord, Boston Properties, Inc.
Teraphase is a technology company developing equipment for the telecommunications industry and is backed by a number of leading venture capital firms. The company is led by a management and technology team from Nortel Networks, Sycamore Networks, MCI/WorldCom, and MIT's Lincoln Labs.
"We are very excited about the launch of Teraphase and our new headquarters at Reservoir Place," said Steve Pearse, Teraphase Chairman and CEO. "Roy Hirshland and his team at T3 Advisors aggressively and creatively represented and advised Teraphase. T3 is the firm to advise emerging technology companies and I highly recommend them to other companies like ourselves."
"We are pleased to welcome Teraphase to Reservoir Place," stated Jason Fivek, Leasing Representative, Boston Properties, Inc. "This lease transaction reaffirms the desirability of Reservoir Place in the Waltham marketplace. The developments prime location and quality amenities continue to appeal dynamic companies such as Teraphase," Fivek concluded.
Boston Properties, Inc. (NYSE: BXP) is the owner of Reservoir Place. Conveniently located with easy accessibility on and off Route 128 and approximately twenty minutes to downtown Boston and Logan International Airport, Reservoir Place is a 600,000 office park situated on a 35-acre site. Offering the highest quality amenity package on the Route 128 corridor, Reservoir Place features nine shared conference rooms, underground parking, the on-site Fitcorp gym, Atrium shops, a full-service cafeteria which seats 300 in a glass and natural light environment and a Starbucks.
T3 Advisors was founded in 2001 and offers technology companies a superior portfolio of real estate brokerage and advisory services. The firm focuses solely on representing technology companies, and has established itself as an industry leader in this important segment of the economy.
Boston Properties is a fully integrated, self-administered and self-managed real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of Class A office, industrial and hotel properties. The Company is one of the largest owners and developers of Class A office properties in the United States, concentrated in four core markets: Boston, Washington DC, Midtown Manhattan and San Francisco.
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