"Our company was founded by five MIT researchers, and [we] needed to keep our roots planted near the university, and in the backyard of technology innovation," says Tom Grant, ThingMagic CEO. "[We secured] a lease deal that enables us to expand our operations, but not lose our identity."
Built in 1969 and renovated in 2000, One Broadway is a 16-story, 280,000-sf office building that is currently 65% occupied, according to Meredith & Grew's website. Located in the Kendall Square/E. Cambridge neighborhood, the building features a concierge, conferencing facilities, food service and close proximity to the MBTA.
Roy Hirschland, president and CEO of T3 Realty Advisors, represented ThingMagic. Chuck Kavoogian of CB Richard Ellis represented direct tenant Millennium Pharmaceuticals.
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