CAMBRIDGE, Mass. (9/02) T3 Advisors, LLC (www.t3advisors.com), a real estate brokerage and advisory firm serving technology companies, is pleased to announce that Avaki Corporation (www.avaki.com), is extending their stay at One Memorial Drive, Cambridge, Mass. T3 Managing Director, Greg Hoffmeister, led the AVAKI team that negotiated a direct, six month lease with Equity Office for 12,801 square feet.
Founded in 1998 and backed by top-tier venture capital firms, AVAKI is led by a seasoned management team that combines deep technical background with experience in high growth technology ventures. Avaki Corporation offers the first commercial grid software solution to provide highly secure, wide-area access to processing, data and application resources in a single, uniform operating environment..
"We sat down with T3 and mapped out a strategic real estate plan that contemplated our current and near-term operating objectives." said Steve Cromwell, vice president of Finance for AVAKI. "With T3’s guidance and market knowledge we determined that a six month extension in our current space was the way to go. By avoiding an office relocation at this stage in our company’s growth, we are able to stay focused on adding value to our customers’ businesses without distraction," added Cromwell.
Duncan Gratton, Director of Leasing at Equity Office handled the negotiations for the landlord.
One Memorial Drive is a first class office building located in Cambridge with spectacular views of the Charles River and the Boston skyline. The building is comprised of 17 floors totaling 353,000 SF.
About T3 Advisors: 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.
About AVAKI Corporation: AVAKI Corporation offers the first commercial grid software solution to provide highly secure, wide-area access to processing, data and application resources in a single, uniform operating environment. The flagship product, AVAKI, allows enterprises to capitalize on the true power of grid computing and thereby accelerate time to market, increase ROI on existing computing infrastructure, and reduce the barriers associated with implementing Web services. AVAKI’s grid technology is helping customers such as Gene Logic, Infinity Pharmaceuticals, Pfizer, North Carolina Bioinformatics Grid project, and Structural Bioinformatics. Backed by Polaris Venture Partners, General Catalyst, and Sofinnova, AVAKI is located in Cambridge, Mass. For more information, please visit www.avaki.com.
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