Author Archives: Choyce Peterson Inc.

Choyce Peterson Negotiates 39,649 SF Lease for Triton International’s Largest Global Office to Remain in Purchase, NY

NORWALK, Conn. /ScoopCloud/ -- Choyce Peterson, Inc. (choycepeterson.com), a full-service commercial real estate brokerage firm, announced the successful conclusion of lease negotiations on behalf of Triton International (Triton) (tritoninternational.com), an intermodal container leasing corporation, for a 39,649 square foot (SF) office at 100 Manhattanville Road in Purchase, N.Y. This transaction represents the largest office relocation lease on the east side of Westchester County completed in 2022. Choyce Peterson Principal John Hannigan and Vice President Charlene O'Connell represented Triton International in this transaction.

With Triton's lease expiring at 100 Manhattanville Road, they reached out to Hannigan who had represented them in their previous lease renewal at this address. Triton then appointed Choyce Peterson as their exclusive representative based in part on their favorable past experience, tenant representation expertise and distinctive knowledge of the area market. Hannigan and O'Connell met with the Triton team to understand their needs and the estimated office size they wanted to establish for their largest global office.

Regional Managing Principal Julia Lindh of MKDA Architects also joined the team to optimize the new space design and layout to bring Triton's vision of their future workspace to fruition. She had previously designed the existing Triton space at 100 Manhattanville Road. After a series of meetings with Triton executives, she calculated the square footage required for a new space and created concept plans for a collaborative, modern office. Attorney Dale Lois of Levine & Levine, PLLC advised Triton on the legal aspects of the transaction. Glenn Walsh, Executive Managing Director of Newmark, represented the landlord, RPW Group, in this transaction. RPW Group purchased 100 Manhattanville Road in October 2019.

Hannigan commented, "It was an honor to once again work with the Triton team on this exciting project. After a comprehensive search and consideration of various other prospective locations, Triton chose to relocate within 100 Manhattanville Road and create a brand-new workspace designed and built exactly to their needs."

"We are very pleased to have worked with John and Charlene on this project. With their support, we were able to negotiate favorable lease terms customized to our specific needs. We look forward to creating a new office space that perfectly captures our culture and vision for a more collaborative work environment. Their professional guidance was key to providing us with the best results for our needs," said Chelsea Hogan, SVP, Chief Human Resources Officer for Triton.

About Triton International

As the leading and most reliable intermodal container leasing company, Triton International provides efficiency and certainty in an unpredictable world. Triton's fleet of more than 7 million twenty foot equivalents (TEUs) is carried by the world's major shipping lines. They are the building blocks that form the foundation of global trade. Triton leases and sells high-quality intermodal shipping containers and related equipment through a global network of more than 400 independent, third-party depots and locations across the world.

Triton Media Contacts: https://www.tritoncontainer.com/contact-us#contacts

About Choyce Peterson

Choyce Peterson, Inc., a full service commercial real estate brokerage firm with offices in Norwalk, CT and Rye Brook, NY, was founded in 1997 and has negotiated millions of square feet of transactions in 42 states and Canada. The Choyce Peterson process delivers comprehensive and creative real estate solutions to ensure clients derive maximum value from their real estate decisions.

Learn more: https://www.choycepeterson.com/

Choyce Peterson, Inc. (choycepeterson.com), a full-service commercial real estate brokerage firm, announced the successful conclusion of lease negotiations on behalf of Triton International (Triton) (tritoninternational.com), an intermodal container leasing corporation, for a 39,649 square foot (SF) office at 100 Manhattanville Road in Purchase, N.Y.

Related link: https://www.choycepeterson.com/

Choyce Peterson Appointed Exclusive Leasing Agent for 7 Park Street, a 5,400 Square Foot Office Building on the Norwalk Green in Norwalk, CT

NORWALK, Conn. /ScoopCloud/ -- Choyce Peterson, Inc. (www.choycepeterson.com), a commercial real estate brokerage firm, announced that Norwalk Green Living Properties (www.norwalkgreenliving.com) has appointed Choyce Peterson, Inc. as the exclusive listing agent representing its free-standing building at 7 Park Street in Norwalk, CT. This 5,400 square foot office building offers space on the first and second floors. The available space can be configured and divided to a tenant's specific needs. The Choyce Peterson agency team is made up of Vice Presidents Scott Peterson and Charlene O'Connell.

7 Park Street benefits from a highly visible, central location in the Norwalk Green / East Avenue area, one of Norwalk's preferred office locations by local professionals. In addition, this building is close to retail shops and restaurants along Route 1, and conveniently located 0.7 miles from Exit 16 of I-95 and 1.2 miles from the East Norwalk Train Station. The building is currently configured with offices, private bathrooms, and a large open work and reception area. The ground floor is ADA compliant, and the parking lot has 25 surface parking spaces.

The founder of Norwalk Green Living Properties, Bradford Craighead stated, "I am excited to appoint Choyce Peterson as the exclusive leasing agent for my building at 7 Park Street. As much as I think this building and location speaks for itself, I'm very pleased to work with a team that is energized about bringing prospective companies to this unique neighborhood and the dynamic city of Norwalk."

Peterson responded, "We look forward to working with a prominent local owner and developer committed to the Norwalk Green / East Avenue corridor. We believe this property is well-situated with a layout that is suited for a variety of general office tenants."

About Norwalk Green Living Properties

As its principal business, Norwalk Green Living Properties offers superb quality, modern designed rental apartments and commercial spaces within historical frameworks in central Norwalk. Designed by the award-winning firm Fiedler Marciano Architecture, these elegant one and two bedroom newly constructed residences are alternatives to big box living units which adapt historic homes for modern apartment living.

Located primarily on and around the historic Norwalk Green in central Norwalk, these residential and commercial spaces are each set in an environment ideal for walking, biking and outdoor life, yet convenient to I-95, train, bus lines, and only steps away from the burgeoning Wall Street area.

About Choyce Peterson, Inc.

Choyce Peterson, Inc., a full service commercial real estate brokerage with offices in Norwalk, CT and Rye Brook, NY, was founded in 1997 and has negotiated millions of square feet of transactions in 42 states and Canada. The Choyce Peterson process delivers comprehensive and creative real estate solutions to ensure clients derive maximum value from their real estate decisions.

Learn more: https://www.choycepeterson.com/property/7-park-street-norwalk-ct

Choyce Peterson, Inc., a commercial real estate brokerage firm, announced that Norwalk Green Living Properties (www.norwalkgreenliving.com) has appointed Choyce Peterson, Inc. as the exclusive listing agent representing its free-standing building at 7 Park Street in Norwalk, CT.

Related link: https://www.choycepeterson.com/

Choyce Peterson’s Capital Markets Team Sells Prominent Fairfield, Connecticut Medical Office Building

NORWALK, Conn. /ScoopCloud/ -- Choyce Peterson, Inc. (choycepeterson.com), a full-service commercial real estate brokerage firm, recently announced the successful sale of the 4,925 square foot free-standing building at 309 Stillson Road in Fairfield, CT to Dr. Vinay Madan, MD. In mid-2021, Choyce Peterson was appointed by Meland Properties LLC as the exclusive listing agent for this medical building situated just off Black Rock Turnpike, Fairfield's preeminent retail thoroughfare. The Choyce Peterson Capital Markets team was made up of Vice Presidents Scott Peterson and Charlene O'Connell.

To showcase this turn-key medical building, Choyce Peterson created a social media campaign and launched an extensive mail and email campaign to suitable buyers, including healthcare practices.

Ultimately, Dr. Madan selected this site because it is pre-built for a medical practice, provides good visibility, and is well-situated equidistant between I-95 Exit 24 and the Merritt Parkway Exit 44. This will support his effort to expand his Wilton-based Center for Varicose Veins practice with a new branch in Fairfield. The first floor of the site is currently occupied by an urgent care practice. The second floor of the site will be taken over by the new owner.

As Dr. Ellen Espina, Co-Owner of Meland Properties LLC commented, "We are so pleased that we chose Choyce Peterson's Capital Markets team to market our building for sale. Their professionalism, aggressive marketing, and negotiating skills ensured an easy process for us. In the end, we had multiple parties interested that resulted in a selling price that was very close to asking. We couldn't be happier we chose Choyce Peterson!"

Dr. Myrna Reyes, Co-Owner of Meland Properties LLC added, "I felt very confident that the sale of our building would happen smoothly and quickly when Scott and Charlene presented their marketing strategy."

Peterson remarked, "For decades, multiple medical practices have successfully run their businesses from this building, including my own pediatrician when I was young. We're thrilled that our efforts have led to the timely sale of this building and the continued success of medical practices at this location."

Dr. Madan was represented by Stewart Snow, Executive Vice President at Berkshire Hathaway Commercial Group.

About Choyce Peterson, Inc.

Choyce Peterson, Inc., a full service commercial real estate brokerage with offices in Norwalk, CT and Rye Brook, NY, was founded in 1997 and has negotiated millions of square feet of transactions in 42 states and Canada. The Choyce Peterson process delivers comprehensive and creative real estate solutions to ensure clients derive maximum value from their real estate decisions.

Learn more: https://www.choycepeterson.com/

Choyce Peterson, Inc., a full-service commercial real estate brokerage firm, recently announced the successful sale of the 4,925 square foot free-standing building at 309 Stillson Road in Fairfield, CT to Dr. Vinay Madan, MD. In mid-2021, Choyce Peterson was appointed by Meland Properties LLC as the exclusive listing agent for this medical building.

Related link: https://www.choycepeterson.com/

Choyce Peterson Publishes Year-End 2021 Lower Fairfield County Office Space Availability Poster

NORWALK, Conn. /ScoopCloud/ -- Choyce Peterson, Inc. (www.choycepeterson.com), a full service commercial real estate brokerage firm with a specialization in tenant representation, announced the release of its 24th semi-annual Lower Fairfield County Office Space Availability Poster.

The full-size poster depicts silhouettes of 96 buildings with a total inventory of 18.2 million square feet (sf) and tracks changes in office space availability from Year-End 2020 to Year-End 2021 in larger, primarily multi-tenanted Class A office buildings in Stamford, Norwalk, Greenwich, and Westport. The unique study illustrates the absorption and give back of direct and sublease space, as well as overall availability statistics.

This report shows there was a 0.9 percentage point decrease in total availability during 2021, from 29.8% at Year-End 2020 to 28.9% at Year-End 2021. Of the 5,277,382 sf of available space: 3,738,928 sf (70.9%) is on a direct basis while 1,538,454 sf (29.1%) is sublease space.

The following refers to the poster's "availability rate" at Year End 2020 vs. Year-End 2021 in each market surveyed:

* Stamford decreased from 34.1% to 30.4%. Of the 31 buildings surveyed, 17 experienced a decrease in available square footage, 10 had an increase and 4 were unchanged. 300 Atlantic Street, 1 Landmark Square, and One Station Place (Metro Center) combined added 145,781 sf of available space, while 290 Harbor Drive, 2200 Atlantic Street (1 Harbor Point), and 3001 Summer Street combined leased 258,461 sf. Interestingly, of the 2,913,696 sf of available space in Stamford, five buildings account for 47%, or 1,370,324 sf, of the total.

* Norwalk increased from 34.6% to 38.3%. Of the 20 buildings surveyed, 10 experienced a decrease in available square footage, 8 had an increase and 2 were unchanged. 201, 301 and 401 Merritt 7 combined added 157,689 sf of available space, and 801 Main Avenue and 20 Glover combined leased 90,914 sf. The 38.3% availability is the highest level since we started tracking these buildings ten years ago.

* Greenwich, the strongest of the four markets, decreased from 16.1% to 15.5%. Of the 25 buildings surveyed, 14 experienced a decrease in available square footage, 3 had an increase and 8 were unchanged. 100 West Putnam Avenue, 1 American Lane and 411 West Putnam Avenue combined added 196,409 sf of available space, and 1 Greenwich Plaza, 600 Steamboat combined leased 148,992 sf. A rare occurrence in the market: there is now essentially an equal amount of sublease and direct space available in Greenwich.

* Westport increased from 12.6% to 16.0%. Of the 20 buildings surveyed, 5 experienced a decrease in available square footage, 6 had an increase and 9 were unchanged. 276 Post Road W, 57 Greens Farms Road and 285 Riverside Avenue combined added 53,491 sf of available space, and 33 Riverside Avenue and 274 Riverside Avenue combined leased 25,440 sf. Two points of interest: there is almost double the amount of available sublease space versus direct, and 13 of the 20 buildings surveyed have either no space for lease or less than 5,000 sf available.

"It's certainly an interesting office market environment where two sub-markets had a decrease in availability (Greenwich and Stamford), while two sub-markets had an increase (Norwalk and Westport)," stated John P. Hannigan, co-founder and a principal at Choyce Peterson. "There's a balancing act going on right now: on one hand, sublease space continues to be added to the market, while at the same time Greenwich and Stamford in particular are attracting companies from outside the area who are absorbing large amounts of space. As a result, we expect the overall availability rate to remain relatively the same during the first half of 2022."

Adam M. Cognetta, vice president at Choyce Peterson noted, "Sublease supply, fueled by a shift in workplace trends and an underlying uncertainty, is something we continue to track closely as it remains a primary contributor to overall availability. Interestingly, we're seeing well-located assets at premium price points attract more interest and outperform the broader market."

Hannigan added, "Now more than ever, landlords continue to be flexible in their lease negotiations and accommodating tenants' specific needs. Transactions are even being completed with companies who have two plus years of term remaining on their leases. We at Choyce Peterson are successfully advising our clients to create an action plan on whether to renew, downsize or relocate. From there, we are negotiating very favorable financial terms on their behalf, including generous amounts of free rent, discounted base rent, and landlord funded retrofits designed exactly to a tenants' specific layout needs."

To view the poster, click on the following link: https://www.choycepeterson.com/officeposter

To order a copy of Choyce Peterson's comparative Silhouette Poster, please call 203-356-9600 or email info@choycepeterson.com.

About Choyce Peterson

Choyce Peterson, Inc., a full service commercial real estate brokerage and consulting firm with offices in Norwalk, CT and Rye Brook, NY, was founded in 1997 and has negotiated millions of square feet of transactions in 42 states and Canada. The Choyce Peterson process delivers comprehensive and creative real estate solutions to ensure clients derive maximum value from their real estate decisions. https://www.choycepeterson.com/

Choyce Peterson, Inc., a full service commercial real estate brokerage firm with a specialization in tenant representation, announced the release of its 24th semi-annual Lower Fairfield County Office Space Availability Poster.

Related link: https://www.choycepeterson.com/

Choyce Peterson Appointed Exclusive Leasing Agent for a Full Floor 3,370 SF Office Space in Downtown Stamford, CT

NORWALK, Conn. /ScoopCloud/ -- Choyce Peterson, Inc. (www.choycepeterson.com), a commercial real estate brokerage firm, announced that Overseas Development Corporation (www.overseasdevelopment.com) has appointed Choyce Peterson, Inc. as the exclusive listing agent representing its building at 953 Washington Boulevard in Stamford, CT.

This 7,368 square foot mixed-use building offers the entire second floor office space of 3,370 square feet for lease. The Choyce Peterson agency team is made up of Vice President Adam Cognetta and Vice President Charlene O'Connell.

953 Washington Boulevard boasts an ideal downtown location within easy walking distance to restaurants and retail stores. It is 0.6 miles off Exit 7 of I-95 and a 10-minute walk to the Stamford Train Station. The walk-up suite benefits from an exclusive outside entrance with prominent signage opportunity, and plenty of character with exposed brick walls. There is an open, flexible area for workstations, as well as five offices, a conference room, and an executive office with an en suite full bath. In addition, there is a set of dedicated restrooms for this office space.

Cognetta explained, "We are pleased to be representing this boutique building in the center of downtown Stamford. It's a prime opportunity for a company to be in one of the strongest value spaces, boasting tons of character, within walking distance of downtown and the train station."

For further information, please visit our website: https://www.choycepeterson.com/property/953-washington-boulevard-stamford

About Overseas Development Corporation

Overseas Development Corporation (ODC) has been a leading international trading and business consultancy company since its establishment in 1956 in USA. Its founder and Chairman, Mr. Attila Turkkan, was a successful businessman with an impeccable business track record.

Since its foundation, ODC has been involved in extensive international trading and business activities, ranging from import and export of commodities to implementation of complex projects. Extensive international experience and resources, coupled with commitment to its clients, are the hallmark of ODC's reputation in the business sectors ODC currently operates: Specialty Metals, Defense, Construction, Renewable Energy and Agriculture sectors.

About Choyce Peterson, Inc.

Choyce Peterson, Inc., a full service commercial real estate brokerage with offices in Norwalk, CT and Rye Brook, NY, was founded in 1997 and has negotiated millions of square feet of transactions in 42 states and Canada. The Choyce Peterson process delivers comprehensive and creative real estate solutions to ensure clients derive maximum value from their real estate decisions.

Learn more: http://www.choycepeterson.com/

Choyce Peterson, Inc., a commercial real estate brokerage firm, announced that Overseas Development Corporation has appointed Choyce Peterson, Inc. as the exclusive listing agent representing its building at 953 Washington Boulevard in Stamford, CT.

Related link: https://www.choycepeterson.com/

Bank Street Group Relocates Headquarters to One Star Point, 333 Ludlow Street, Stamford, CT – Choyce Peterson Negotiates Transaction

NORWALK, Conn. /ScoopCloud/ -- Choyce Peterson, Inc. (www.choycepeterson.com), a full-service commercial real estate brokerage firm announced the successful conclusion of sublease negotiations on behalf of Bank Street Group (www.bankstreet.com), a global boutique investment bank headquartered in Stamford, CT, relocating to One Star Point, 333 Ludlow Street, in Stamford, CT. Choyce Peterson Principal John Hannigan and Vice President Adam Cognetta represented Bank Street Group in this transaction.

Knowing their company's office lease was due to expire, the senior management of Bank Street Group appointed Hannigan and Cognetta as their exclusive agent after learning about Choyce Peterson's successful commercial real estate tenant representation expertise. Hannigan and Cognetta then completed a needs assessment for Bank Street Group and conducted a search throughout the Stamford market that aligned with their criteria.

After surveying the market, Hannigan and Cognetta led multiple building tours in Stamford, and subsequently solicited proposals from several landlords competing for Bank Street Group's tenancy. Ultimately, Bank Street Group focused on a sublease opportunity at One Star Point. This space was recently built-out and matched Bank Street Group's needs. Hannigan and Cognetta expertly negotiated the terms of the long-term sublease. The Bank Street Group team appreciated that this building offers best-in-class amenities including a fitness center, newly renovated cafeteria and lobby area, outdoor seating on the marina, a private shuttle to the Stamford Train Station, and a trolley to downtown Stamford. Most importantly, One Star Point is conveniently located less than 1 mile from both I-95 (Exit 7) and the Stamford Train Station.

Hannigan commented, "We're pleased to have represented Bank Street Group for their headquarters relocation. It's our opinion tenants should always have professional representation when negotiating office space lease terms, which is such a significant line item on a firm's P&L. We identified an excellent office space and negotiated very favorable business and finance terms on behalf of Bank Street Group."

Bank Street Group's Richard Lukaj responded, "Although we haven't used a broker for past lease negotiations, after speaking with John and Adam we were convinced that we would benefit from their expertise in finding a new home for the firm headquarters, with a layout that fits our needs. John and Adam were very patient with us and did an excellent job in leading us through our search and in negotiating a lease that satisfied our expectations."

The sublandlord was represented by Managing Director Adam Klimek of Cushman & Wakefield. The landlord of One Star Point is Building & Land Technology.

About Bank Street Group

Bank Street provides insightful and objective advice to help our corporate and institutional clients achieve their financial and strategic goals. We are a private investment banking firm primarily serving growth companies in the communications, internet, media and technology sectors with a comprehensive array of services, including Merger & Acquisition Advisory, Debt and Equity Financing, and Restructuring Advisory. Our senior professionals leverage a combination of extensive transaction experience and deep industry expertise to deliver outstanding results for our clients around the globe.

About Choyce Peterson, Inc.

Choyce Peterson, Inc., a full service commercial real estate brokerage firm with offices in Norwalk, CT and Rye Brook, NY, was founded in 1997 and has negotiated millions of square feet of transactions in 42 states and Canada. The Choyce Peterson process delivers comprehensive and creative real estate solutions to ensure clients derive maximum value from their real estate decisions.

Learn more: https://www.choycepeterson.com

Choyce Peterson, Inc., a full-service commercial real estate brokerage firm announced the successful conclusion of sublease negotiations on behalf of Bank Street Group (www.bankstreet.com), a global boutique investment bank headquartered in Stamford, CT, relocating to One Star Point.

Related link: https://www.choycepeterson.com/

Choyce Peterson Hires Scott J. Lipow as Senior Associate

NORWALK, Conn. /ScoopCloud/ -- Choyce Peterson, Inc. (www.choycepeterson.com), a full service commercial real estate brokerage firm, announced that Scott J. Lipow has joined the brokerage team as Senior Associate. Lipow will join Choyce Peterson's Capital Markets team, focusing on investment opportunities throughout Fairfield and Westchester Counties. Lipow delivers expertise to the firm's clients in asset acquisitions and dispositions, property valuation and market analysis. Lipow also represents both landlords and tenants in connection with leasing transactions.

Lipow brings 10 years of experience as the founder and operator of Six7 Marketing. After earning his MBA from Emory University, Lipow worked with a range of different businesses across the area, while establishing a deep network of relationships and an unmatched understanding of the local market. Lipow is a lifelong resident of Fairfield and is the proud founder of the Fairfield Fierce Basketball Club, a youth basketball organization that serves hundreds of families from around the area each year.

"We are pleased to have Scott join our growing team," said Scott C. Peterson, Vice President at Choyce Peterson. "He brings a wealth of entrepreneurial business experience to our firm, and we are excited for him to harness these talents within our Capital Markets initiative."

Alan R. Peterson, principal and co-founder of Choyce Peterson added, "Scott's business background and community outreach skills make him an excellent addition to Choyce Peterson. We look forward to growing the investment sales side of our firm with him on the team."

For further information, please visit our website: https://www.choycepeterson.com/

About Choyce Peterson, Inc.

Choyce Peterson, Inc., a full service commercial real estate brokerage with offices in Norwalk, CT and Rye Brook, NY, was founded in 1997 and has negotiated millions of square feet of transactions in 42 states and Canada. The Choyce Peterson process delivers comprehensive and creative real estate solutions to ensure clients derive maximum value from their real estate decisions.

Learn more at: https://www.choycepeterson.com/

Choyce Peterson, Inc., a full service commercial real estate brokerage firm, announced that Scott J. Lipow has joined the brokerage team as Senior Associate. Lipow will join Choyce Peterson's Capital Markets team, focusing on investment opportunities throughout Fairfield and Westchester Counties.

Related link: https://www.choycepeterson.com/

Full or Partial Floor Office for Sublease at 400 Atlantic Street in Stamford, CT Represented by Choyce Peterson

NORWALK, Conn. /ScoopCloud/ -- Choyce Peterson, Inc. (www.choycepeterson.com), a full-service commercial real estate brokerage and consulting firm, announced they are exclusively representing a full floor sublease measuring 36,782 square feet (SF) at 400 Atlantic Street in Stamford, CT. Choyce Peterson Vice President Adam Cognetta and Principal John Hannigan comprise the brokerage team.

400 Atlantic Street is a stand-alone office building in the heart of downtown Stamford, conveniently located 0.3 miles from Exit 7 of I-95, and less than a 10-minute walk from the Stamford Train Station. This LEED GOLD and Energy Star certified building offers tenants covered parking, a fitness facility, and a full-service café. Additional features include on-site property management and full-time security.

This space can be easily subdivided to a half floor of approximately 18,391 SF, or it can be taken as an entire floor of 36,782 SF. The 11th floor location offers panoramic views of the city and Long Island Sound. This newly built-out, modern space has eight offices/conference rooms, as well as a large open area for workstations. In addition, there is an expansive private kitchen/breakroom. High-end furniture and fixtures can be made available upon request. The sublease term is through late 2026.

Cognetta commented, "We are pleased to represent an exceptional office space within a quality office building in the heart of downtown. This availability offers a flexible layout that can accommodate almost any type of office user. Given its convenient location to both I-95 and the Stamford Train Station, this suite represents the perfect turnkey solution for any company looking to relocate to a class A building in Stamford."

For further information, please visit our website: https://www.choycepeterson.com/property/400-atlantic-street-stamford-ct

About Choyce Peterson, Inc.

Choyce Peterson, Inc., a full service commercial real estate brokerage firm with offices in Norwalk, CT and Rye Brook, NY, was founded in 1997 and has negotiated millions of square feet of transactions in 42 states and Canada. The Choyce Peterson process delivers comprehensive and creative real estate solutions to ensure clients derive maximum value from their real estate decisions. http://www.choycepeterson.com/

Choyce Peterson, Inc., a full-service commercial real estate brokerage and consulting firm, announced they are exclusively representing a full floor sublease measuring 36,782 square feet (SF) at 400 Atlantic Street in Stamford, CT. Choyce Peterson Vice President Adam Cognetta and Principal John Hannigan comprise the brokerage team.

Related link: https://www.choycepeterson.com/

Parker Medical Relocates Headquarters to 88,000 Square Feet at 43 Old Ridgebury Road in Danbury, CT

NORWALK, Conn. /ScoopCloud/ -- Choyce Peterson, Inc. (www.choycepeterson.com), a full-service commercial real estate brokerage firm, announced the successful conclusion of lease negotiations on behalf of Parker Medical, Inc. (www.parkermed.com) and the relocation of their headquarters office and assembly/warehouse operations from Bridgewater, CT and various other locations throughout the country to 43 Old Ridgebury Road in Danbury, an 88,000 square foot (SF) building. Choyce Peterson Principal John Hannigan represented Parker Medical in this transaction.

When Parker Medical was ready to consolidate their headquarters and x-ray imaging component and subsystem businesses in the southwestern area of the state, they appointed Hannigan as their exclusive broker to handle the search for space and the negotiation of the financial and business terms of their lease. They explained that they were seeking a building with first-rate office space and an attractive front entrance, as well as warehouse and assembly space with a high ceiling and loading docks. In addition, Parker Medical required abundant parking, as well as a fully air-conditioned building.

After touring buildings in Westchester County, New York, and in Brookfield, Danbury, Shelton & Trumbull in Connecticut, and soliciting proposals from numerous landlords, Parker Medical decided on 43 Old Ridgebury Road. This free-standing building had existing conditions which would only require minimal modifications for Parker Medical's use, and exterior building signage. It also presented an ideal location just a 1/2 mile from I-84 and within 5 miles of I-684.

Hannigan commented, "We negotiated a favorable lease that will enable Parker Medical to consolidate the various aspects of their business into one building. We were thrilled to find a building with a space solution to improve efficiency and collaboration during their assembly processes and their executive office functions and negotiate favorable terms of their lease."

Tim Holland, Vice President, Engineering stated, "It was a pleasure to work with John in seeking a new headquarters location for our company. We began the process with many ideas and issues that needed to be addressed. John led us through a thorough site search, which resulted in finding the perfect solution. We are excited to bring our company to the next level with a clean, modernized, and efficient workspace."

Parker Medical celebrated the launch of their new facility with a ribbon cutting ceremony with Danbury Mayor Joe Cavo, Danbury Mayor Chief of Staff Dean Esposito, CT State Representative 138th District Ken Gucker, Danbury Chamber of Commerce President & CEO P.J. Murphy, Danbury Business Advocacy Director Roger Palanzo, and Danbury Police Department Sgt. Jim Antonelli in attendance. The ribbon cutting was followed with an employee party in recognition of their dedication and contribution throughout Parker Medical's 37-year history. The day also celebrated Parker Medical founder Bill Holland's legacy and significant contribution to the x-ray imaging industry.

The landlord, Fairway Asset Management, was represented by Jones Lang LaSalle Executive Vice President Ian Ceppos and Managing Director Al Gutierrez.

About Parker Medical, Inc.

Founded in 1984, Parker Medical, Inc. designs, develops and manufactures high voltage x-ray imaging components and subsystems. Parker Medical is a global leader in this niche market for the medical, industrial, scientific, and homeland security industries. Parker Medical customers range from leading OEM's, parts distributors and hospital sourcing consortiums to prestigious research universities and government agencies.

About Choyce Peterson, Inc.

Choyce Peterson, Inc., a full service commercial real estate brokerage with offices in Norwalk, CT and Rye Brook, NY, was founded in 1997 and has negotiated millions of square feet of transactions in 42 states and Canada. The Choyce Peterson process delivers comprehensive and creative real estate solutions to ensure clients derive maximum value from their real estate decisions.

Learn More: https://www.choycepeterson.com/

Choyce Peterson, Inc., a full-service commercial real estate brokerage firm, announced the successful conclusion of lease negotiations on behalf of Parker Medical, Inc. and the relocation of their headquarters office and assembly / warehouse operations to 43 Old Ridgebury Road in Danbury, CT.

Related link: https://www.choycepeterson.com/

Choyce Peterson to Represent Seven Properties Totaling 160,000 Square Feet in Stamford and Norwalk, CT

NORWALK, Conn. /ScoopCloud/ -- Choyce Peterson, Inc. (choycepeterson.com), a full-service commercial real estate brokerage firm, announced they are exclusively representing seven properties totaling approximately 160,000 square feet (SF) of space in Stamford and Norwalk, CT. Choyce Peterson Vice President Adam Cognetta is leading the brokerage team.

The properties offer a combination of office, warehouse/flex, medical and retail spaces as follows:

165 Bedford Street | Stamford | 2,500 SF office space available

84 Wall Street | Norwalk | 35,000 SF retail space available

104 Wall Street | Norwalk | 9,500 SF retail space available

73-75 Main Street | Norwalk | 1,548 SF retail space available

48 Westport Avenue | Norwalk | 3,194 SF retail/office space available

606-608 West Avenue | Norwalk | 5,654 SF retail/office/medical space available

61 Smith Street | Norwalk | 8,150 SF industrial/storage space available

Each building benefits from high visibility and good access along major roadways. The real estate management company is based locally and looks after an extensive portfolio of commercial and residential properties throughout Connecticut and Florida.

Cognetta commented, "We're excited to forge a partnership with a strong, committed owner and put some energy and ingenuity into marketing this eclectic mix of quality buildings. With great accessibility in well-trafficked areas across a variety of available suites, we are confident that we can find a fit for any type of retail, medical, office or industrial business looking to relocate within these areas."

For further information on the available suites, please visit our website: https://www.choycepeterson.com/properties-for-lease

About SCG Commercial Real Estate

SCG Commercial Real Estate is a privately owned real estate management company founded in 2001. Our focus has been to provide premier commercial space and services to our tenants. SCG Commercial Real Estate's property portfolio consists of shopping centers, restaurants, retail, office space, medical facilities, and residential apartment buildings.

About Choyce Peterson

Choyce Peterson, Inc., a full service commercial real estate brokerage with offices in Norwalk, CT and Rye Brook, NY, was founded in 1997 and has negotiated millions of square feet of transactions in 42 states and Canada. The Choyce Peterson process delivers comprehensive and creative real estate solutions to ensure clients derive maximum value from their real estate decisions.

Learn more at: https://www.choycepeterson.com/

Choyce Peterson, Inc. (choycepeterson.com), a full-service commercial real estate brokerage firm, announced they are exclusively representing seven properties totaling approximately 160,000 square feet (SF) of space in Stamford and Norwalk, CT. Choyce Peterson Vice President Adam Cognetta is leading the brokerage team.

Related link: https://www.choycepeterson.com/

Renaissance Capital Relocates Headquarters to Stamford, CT: Choyce Peterson Negotiates Long-Term Lease

NORWALK, Conn. /ScoopCloud/ -- Choyce Peterson, Inc. (www.choycepeterson.com), a full-service commercial real estate brokerage, recently announced the successful conclusion of lease negotiations on behalf of Renaissance Capital (www.renaissancecapital.com), a global leader in providing pre-IPO institutional research and management of IPO-focused investment products, for a new 2,931 SF headquarters office at First Stamford Place in Stamford, CT. Choyce Peterson Principal John Hannigan and Associate Casey McKnight represented Renaissance Capital in this transaction.

When Renaissance Capital's headquarters lease in Greenwich was set to expire, Bill Smith, President of Renaissance Capital, reached out to Choyce Peterson. Hannigan and the Choyce Peterson team had previously led Renaissance Capital through multiple real estate transactions, including negotiation of their Greenwich lease in 2011. Smith sought to relocate their headquarters to a high-quality building with easy access to I-95 and Metro-North in lower Fairfield County. Additionally, he sought a custom build-out in an office complex with a complete set of high-end amenities to offer his employees.

After touring multiple buildings throughout Greenwich and Stamford, Choyce Peterson solicited proposals from numerous landlords. Ultimately, Smith and his team decided on Stamford's First Stamford Place, and Hannigan and McKnight expertly negotiated a new lease with the landlord, Empire State Realty Trust (ESRT). The three-building First Stamford Place office complex was recently renovated and upgraded and offers its tenants a first-class amenity package with secured covered parking, shuttle to the Stamford Metro-North train station, full-service grille, dining and coffee lounge, fitness center with classes, on-site daycare, and a building conference room and concierge service.

Tenants benefit from the complex's ideal location at I-95's Exit 7 a quarter mile from the Metro-North station, as well as ESRT's industry-leading indoor environmental quality measures that include MERV 13 filters, active bi-polar ionization and increased air filtration for a confident return to office.

Hannigan commented, "We're honored to once again represent Renaissance Capital, an industry titan in the pre-IPO research market and IPO Exchange Traded Funds (NYSE symbol: IPO), for their headquarters relocation. After a thorough search of the market, our proposal negotiations gave the Renaissance Capital team the confidence that a relocation to First Stamford Place was the perfect solution to their office space needs. We appreciated ESRT's partnership during the proposal process."

Smith concluded, "We're so glad to once again work with John and the Choyce Peterson team on this important relocation of our headquarters office. We were unsure if relocating to a different city would work for our company, but John and Casey made the process seamless with their exhaustive research of the local markets and on-point negotiations with ESRT. We're excited to grow our business in Stamford and look forward to establishing new roots for our firm."

The landlord's team on this leasing transaction included Torey Walsh of Newmark Grubb Knight Frank, and Jeff Newman and Kimberly Zaccagnino Perna of Empire State Realty Trust.

About Renaissance Capital

Newly public companies can be great investments, but It's nearly impossible to stay on top of the IPO market. At Renaissance Capital, our team of analysts provide market-leading research and investment products so you can separate the good from the bad and profit from the IPO market.

For over 30 years, Renaissance Capital has been the global leader in researching and trading of IPOs. They offer two NYSE-listed Exchange Trade Funds with over $700 million of assets: the Renaissance IPO ETF (symbol "IPO") and the Renaissance International IPO ETF (symbol "IPOS").

It is the global leader in providing Pre-IPO research for institutional investors. For individual investors it manages the IPO Pro platform, the most comprehensive source for IPO information, easily accessed in one platform.

About Choyce Peterson

Choyce Peterson, Inc., a full service commercial real estate brokerage with offices in Norwalk, CT and Rye Brook, NY, was founded in 1997 and has negotiated millions of square feet of transactions in 42 states and Canada. The Choyce Peterson process delivers comprehensive and creative real estate solutions to ensure clients derive maximum value from their real estate decisions. Learn more at: http://www.choycepeterson.com/.

Choyce Peterson, Inc. , a full-service commercial real estate brokerage, recently announced the successful conclusion of lease negotiations on behalf of Renaissance Capital, a global leader in providing pre-IPO institutional research and management of IPO-focused investment products, for a new 2,931 SF headquarters office at First Stamford Place.

Related link: https://www.choycepeterson.com/

Success Systems, Inc. Relocates Headquarters to 383 Main Ave, Norwalk, CT: Choyce Peterson Negotiates 5,649 SF Transaction

NORWALK, Conn. /ScoopCloud/ -- Choyce Peterson, Inc. (www.choycepeterson.com), a full-service commercial real estate brokerage firm, announced the successful conclusion of sublease negotiations on behalf of Success Systems, Inc. (www.success-systems.com) for a 5,649 square foot (SF) office at MerrittView, 383 Main Avenue in Norwalk, CT. Choyce Peterson Principal John Hannigan represented Success Systems in this transaction.

When Success Systems recognized that their current lease was nearing expiration, they reached out to Hannigan who had represented them in their original relocation from Stamford to Norwalk in 2015. They explained that they were seeking to relocate within Norwalk to an attractive building with excellent amenities including covered parking, in a convenient location near the Merritt Parkway. They also wished to take advantage of the economic environment favorable to tenants.

After touring buildings throughout the Norwalk area, Success Systems narrowed in on a sublease at MerrittView, 383 Main Avenue. This particular suite had an existing layout conducive to their space needs and included furniture. The Success Systems team appreciated that MerrittView presents a great value combination of rental rates and best-in-class amenities including a newly renovated fitness center and cafeteria, ample covered parking, and shuttle service to the South Norwalk and Merritt 7 train stations. Most importantly, the MerrittView building has a convenient location right at Exits 40A/B on the Merritt Parkway, is only 0.5 miles to the Merritt 7 Train Station, 4 miles to the South Norwalk Train Station, and 3 miles to I-95 (Exit 15).

Hannigan commented, "It's been a pleasure representing Success Systems once again in their lease negotiations. There were many available suites to tour in all areas of Norwalk, but by focusing on the most important factors of value and location, we were able to guide the decision-making process, find the best solution to suit their needs, and negotiate very favorable economic terms."

The Success Systems team concluded, "We were very happy to once again work with John on this relocation project. He understood exactly what we were seeking in a new office and did an excellent job of analyzing market options, including the favorable economics of a sublease. We are excited to expand our office space in this new location with terrific amenities for our employees."

The sublandlord was represented by Executive Managing Director Patricia Valenti of Newmark Knight Frank. The landlord of the MerrittView building is Empire State Realty Trust.

About Success Systems, Inc.

Success Systems is the most recommended supplier of cloud-based, turnkey store automation solutions for independent convenience, grocery, petroleum, tobacco and liquor retail outlets. Reflecting more than 36 years of field-tested experience, our offerings are designed to help customers optimize every aspect of their operations and achieve measurable results.

About Choyce Peterson

Choyce Peterson, Inc., a full service commercial real estate brokerage firm with offices in Norwalk, CT and Rye Brook, NY, was founded in 1997 and has negotiated millions of square feet of transactions in 42 states and Canada. The Choyce Peterson process delivers comprehensive and creative real estate solutions to ensure clients derive maximum value from their real estate decisions.

Learn more: http://www.choycepeterson.com/

MEDIA CONTACT:
John Hannigan
Principal
Choyce Peterson, Inc.
(203) 961-8175
jhannigan@choycepeterson.com

MULTIMEDIA:

*PHOTO link for media: https://www.Send2Press.com/300dpi/21-0901s2p-383-main-ave-300dpi.jpg

*Caption: Photo courtesy of CoStar with permission from ESRT.

Choyce Peterson, Inc., a full-service commercial real estate brokerage firm, announced the successful conclusion of sublease negotiations on behalf of Success Systems, Inc. for a 5,649 square foot (SF) office at MerrittView, 383 Main Avenue in Norwalk, CT. Choyce Peterson Principal John Hannigan represented Success Systems in this transaction.

Related link: https://www.choycepeterson.com/

4,979 Square Foot Immaculate, Turn-Key Office Space Sublease at 9 West Broad Street in Stamford, CT Represented by Choyce Peterson

NORWALK, Conn. /ScoopCloud/ -- Choyce Peterson, Inc. (www.choycepeterson.com), a full-service commercial real estate brokerage and consulting firm, announced they are exclusively representing a 4,979 square foot (SF) office suite available for sublease at 9 West Broad Street in Stamford, CT. Choyce Peterson Vice Presidents Adam Cognetta and Charlene O'Connell comprise the brokerage team.

9 West Broad Street is a Class A office building in the heart of downtown Stamford which completed a $10 million renovation in 2014. This property offers modern open common spaces coupled with incredible, upper-floor views of Long Island Sound, and walking access to downtown Stamford. The building is conveniently located 0.6 miles to I-95, 3.7 miles to the Merritt Parkway, and a 10-minute walk to the Stamford Metro-North Train Station. 9 West Broad also features covered parking, a private tenant shuttle to the Stamford Train Station, a full-service cafeteria with indoor and outdoor seating, fitness center, conference facility, and on-site security. The building is professionally owned and managed by Stamford-based, Forstone Capital.

The newly built-out, well-appointed 4,979 SF office space being marketed for sublease is on the 5th floor with expansive windows that offer panoramic views of downtown. With high grade finishes, the suite has 3 conference rooms, 20 workstations and an open pantry in its current configuration, and furniture can be made available. The sublease term is through October 2026, while a direct deal with the landlord is also possible.

Cognetta commented, "We are pleased to represent such a pristine, newly-built out office space within a freshly renovated downtown building. 9 West Broad Street is perfectly situated adjacent to Mill River Park and within walking distance of countless restaurants, and stores. This suite presents an ideal situation for any company looking to establish a presence in a class A building in downtown Stamford."

For further information, please visit our website: https://www.choycepeterson.com/property/9-west-broad-st-stamford-ct

About Choyce Peterson

Choyce Peterson, Inc., a full service commercial real estate brokerage and consulting firm with offices in Norwalk, CT and Rye Brook, NY, was founded in 1997 and has negotiated millions of square feet of transactions in 42 states and Canada. The Choyce Peterson process delivers comprehensive and creative real estate solutions to ensure clients derive maximum value from their real estate decisions.

MEDIA CONTACT:

Adam Cognetta

Vice President

Choyce Peterson, Inc.

(203) 961-8173

acognetta@choycepeterson.com

www.choycepeterson.com

MULTIMEDIA:

Photo link for media: https://www.Send2Press.com/300dpi/21-0804s2p-9westbroad-300dpi.jpg

Photo caption: Photo courtesy of CoStar.

Choyce Peterson, Inc., a full-service commercial real estate brokerage and consulting firm, announced they are exclusively representing a 4,979 square foot (SF) office suite available for sublease at 9 West Broad Street in Stamford, CT. Choyce Peterson Vice Presidents Adam Cognetta and Charlene O'Connell comprise the brokerage team.

Related link: https://www.choycepeterson.com/

Spectacular 11,685 Square Foot Office Space Sublease at 107 Elm Street in Stamford, CT Represented by Choyce Peterson

NORWALK, Conn. /ScoopCloud/ -- Choyce Peterson, Inc. (www.choycepeterson.com), a full-service commercial real estate brokerage and consulting firm, announced they are exclusively representing an 11,685 square foot (SF) office suite available for sublease at 4 Stamford Plaza building, 107 Elm Street in Stamford, CT. Choyce Peterson Principal John Hannigan, Vice President Adam Cognetta, and Associate Casey McKnight comprise the brokerage team.

Stamford Plaza is a four-building, Class A office complex in the heart of downtown Stamford, adjacent to I-95, and less than a mile to the Stamford Metro North Train Station. Stamford Plaza has a 1,200-space covered parking garage, a private tenant shuttle to the Stamford Train Station, a 2.5 acre professionally designed outdoor plaza, fitness facility, conference center, cafeteria, and a dry cleaner. The building complex owner, RFR Realty, offers 24-hour attended security and on-site building management.

The newly built-out 11,685 SF office is in pristine condition on the tenth floor and offers views of Long Island Sound. The suite has 16 offices, 3 conference rooms, and 15 workstations with clear-vision upper panels that provide noise reduction and offering plenty of daylight. In addition, there is a private kitchen with all new appliances, a wellness room with a sink, and furniture is available. The sublease term is through December 2023, while a direct deal with the landlord is also possible.

Hannigan commented, "We are thrilled to represent such a superb, newly-built out office space within a spectacular downtown office complex. Stamford Plaza is conveniently situated within walking distance of downtown restaurants and stores. With top-tier building amenities and convenient access to both I-95 and the Stamford Train Station, this office space would be a perfect choice for any company looking to relocate to a Class A building in downtown Stamford."

For further information and to take a virtual tour of the suite, please visit our website: https://www.choycepeterson.com/property/107-elm-st

About Choyce Peterson

Choyce Peterson, Inc., a full service commercial real estate brokerage and consulting firm with offices in Norwalk, CT and Rye Brook, NY, was founded in 1997 and has negotiated millions of square feet of transactions in 42 states and Canada. The Choyce Peterson process delivers comprehensive and creative real estate solutions to ensure clients derive maximum value from their real estate decisions.

MEDIA CONTACT:
John Hannigan
Principal
Choyce Peterson, Inc.
(203) 912-3677
jhannigan@choycepeterson.com
www.choycepeterson.com

MULTIMEDIA:

*PHOTO link for media: https://www.Send2Press.com/300dpi/21-0728s2p-cp-elm-st-bldg-300dpi.jpg

Caption: Photo courtesy of CoStar.

Choyce Peterson, Inc., a full-service commercial real estate brokerage and consulting firm, announced they are exclusively representing an 11,685 square foot (SF) office suite available for sublease at 4 Stamford Plaza building, 107 Elm Street in Stamford, CT.

Related link: https://www.choycepeterson.com/

Choyce Peterson Publishes Mid-Year 2021 Lower Fairfield County Office Space Availability Poster

NORWALK, Conn. /ScoopCloud/ -- Choyce Peterson, Inc. (www.choycepeterson.com), a full service commercial real estate brokerage firm with a specialization in tenant representation, announced the release of its 23rd semi-annual Lower Fairfield County Office Space Availability Poster.

The full-size poster depicts silhouettes of 96 buildings with a total inventory of 18.2 million square feet (sf) and tracks changes in office space availability from Year-End 2020 to Mid-Year 2021 in larger, primarily multi-tenanted Class A office buildings in Stamford, Norwalk, Greenwich, and Westport. The unique study illustrates the absorption and give back of direct and sublease space, as well as overall availability statistics.

This report shows there was a 1.9 percentage point increase in total availability during the first half of 2021, from 27.8% at Year-End 2020 to 31.7% at Mid-Year 2021. Interestingly, of the 361,923 sf increase in total availability, 88% is due to new sublease space added to the market.

The following refers to the poster's "availability rate" at Year End 2020 vs. Mid-Year 2021 in each market surveyed:

* Stamford increased from 34.1 to 35.1%. Of the 31 buildings surveyed, 11 experienced a decrease in available square footage, 12 had an increase and 8 were unchanged. 300 Atlantic Street, 1 Landmark Square, and 677 Washington Boulevard combined added 157,672 sf of available space.
* Norwalk increased from 34.6% to 35.8%. Of the 20 buildings surveyed, 7 experienced a decrease in available square footage, 9 had an increase and 4 were unchanged. 383 Main Avenue, 201 Merritt 7 and 401 Merritt 7 combined added 81,883 sf of available space.
* Greenwich increased from 16.1% to 21.8%. Of the 25 buildings surveyed, 9 experienced a decrease in available square footage, 7 had an increase and 9 were unchanged. 1 American Lane, 100 West Putnam Avenue, and 411 West Putnam Avenue combined added 249,173 sf of available space.
* Westport, the strongest of the four markets, increased from 12.6% to 13.6%. Of the 20 buildings surveyed, 3 experienced a decrease in available square footage, 7 had an increase and 10 were unchanged. 500 Post Road E, 276 Post Road W, and 315 Post Road W combined added 17,725 sf of available space.

"Over the past five years, this is only the second time that all four sub-markets have shown an increase in availability," stated John P. Hannigan, a principal at Choyce Peterson. "The total availability increased by 1.9 percentage points over the past six months. And in the twelve-month period (July 1, 2020 - June 30, 2021) it increased by 3.9 percentage points. With an abundance of office space available in the market, tenants can choose between a wide geographic, quality and price range. Free rent, landlord funded build outs, and discounted rent continue be favorable deal terms for tenants in today's market."

Adam Cognetta, a vice president at Choyce Peterson noted, "While availability is up, office leasing inquiries remain strong with some tailwinds courtesy of recent Lower Fairfield County HQ relocation announcements. Companies with foresight on headcount, performance, and utilization of space in markets with high availability rates are best positioned to lock-in attractive, long-term deals. Firms or organizations lacking that visibility still have plenty of shorter-term, turn-key options via both direct space and sublease alternatives. We remain cautiously optimistic as the lasting effects of work-from-home and post-pandemic workplace take shape."

To view the poster, click on the following link: http://www.choycepeterson.com/officeposter

To order a copy of Choyce Peterson's comparative Silhouette Poster, please call 203-356-9600 or email info@choycepeterson.com.

About Choyce Peterson

Choyce Peterson, Inc., a full service commercial real estate brokerage and consulting firm with offices in Norwalk, CT and Rye Brook, NY, was founded in 1997 and has negotiated millions of square feet of transactions in 42 states and Canada. The Choyce Peterson process delivers comprehensive and creative real estate solutions to ensure clients derive maximum value from their real estate decisions.

MEDIA CONTACTS:
John P. Hannigan
Principal
203-961-8175
Choyce Peterson, Inc.
jhannigan@choycepeterson.com
www.choycepeterson.com

Adam M. Cognetta
Vice President
203-961-8173
203-961-8173
acognetta@choycepeterson.com
www.choycepeterson.com

MULTIMEDIA:

*IMAGE link for media: https://www.Send2Press.com/300dpi/21-0719s2p-choycep-chart-300dpi.jpg

*Caption: Choyce Peterson's Mid-Year 2021 Lower Fairfield County Office Space Availability Poster.

Choyce Peterson, Inc., a full service commercial real estate brokerage firm with a specialization in tenant representation, announced the release of its 23rd semi-annual Lower Fairfield County Office Space Availability Poster.

Related link: https://www.choycepeterson.com/

2009 Summer Street in Stamford, CT Welcomes Three New Tenants: Choyce Peterson Exclusive Listing Agent

NORWALK, Conn. /ScoopCloud/ -- Choyce Peterson, Inc. (www.choycepeterson.com), a full-service commercial real estate brokerage and consulting firm, announced the successful completion of leases for three new tenants at 2009 Summer Street in Stamford, Connecticut. The Choyce Peterson agency team, Vice President Adam Cognetta and Associate Casey McKnight, has been the exclusive listing agent since 2020 representing the Landlord, The Field Group (TFG), in each transaction for 2009 Summer Street.

LaForte Financial Services, Regal Blu Pool & Spa, and Total Insurance Brokerage each recently signed leases for office suites. "We couldn't be happier with the results of our brokerage partners, Casey and Adam, and the tremendous job they've done in a very tough marketplace," said Mat Field, TFG Landlord Representative. "The majority of existing suites at 2009 Summer Street are less than 2,000 square feet, so we've been a preferred option for those tenants who don't want to be in a co-working space, or at home. Alternatively, we've been happy to accommodate circumstances where tenants need to relocate and right-size their space."

Cognetta said, "2009 Summer Street is a great downtown value in a clean, quiet, well-maintained building - the perfect environment to support smaller and growing businesses. The location offers walkability, convenience, and good access to I-95 and the Merritt Parkway."

This ADA-compliant property has only a few smaller suites available, some of which are built-out for light medical use. TFG has maintained its headquarters at 2009 Summer Street for 20 years and owns and manages a portfolio of commercial properties in the region.

For further information, please go to: https://www.choycepeterson.com/property/2009-summer-street

About The Field Group Commercial Real Estate

A family-owned commercial real estate firm with over 30 years in Fairfield County, Connecticut. They develop, manage, and lease commercial properties, and are always reviewing tenants and acquisitions across Connecticut and the neighboring states.

About Choyce Peterson

Choyce Peterson, Inc., a full service commercial real estate brokerage and consulting firm, was founded in 1997 and has offices in Norwalk, CT and Rye Brook, NY. For corporate and healthcare-focused companies headquartered in Fairfield and Westchester counties, Choyce Peterson has negotiated millions of square feet of transactions in Fairfield and Westchester counties as well as 42 states and Canada. The Choyce Peterson process delivers comprehensive and creative real estate solutions to ensure clients derive maximum value from their real estate decisions.

Learn more: https://www.choycepeterson.com/

MEDIA CONTACT:
Adam Cognetta
Vice President
Choyce Peterson, Inc.
(203) 961-8173
acognetta@choycepeterson.com

MULTIMEDIA:

*PHOTO link for media: https://www.Send2Press.com/300dpi/21-0527s2p-choyce-summer-300dpi.jpg

*Caption: Photo courtesy of The Field Group.

Choyce Peterson, Inc., a full-service commercial real estate brokerage and consulting firm, announced the successful completion of leases for three new tenants at 2009 Summer Street in Stamford, Connecticut. The Choyce Peterson agency team, Vice President Adam Cognetta and Associate Casey McKnight, has been the exclusive listing agent since 2020 representing the Landlord, The Field Group (TFG), in each transaction for 2009 Summer Street.

Related link: https://www.choycepeterson.com/

APTMetrics Relocates Headquarters to Westport, CT: Choyce Peterson Negotiates Long-Term Lease

NORWALK, Conn. /ScoopCloud/ -- Choyce Peterson, Inc. (www.choycepeterson.com), a full-service commercial real estate brokerage and consulting firm, recently announced the successful conclusion of lease negotiations on behalf of APTMetrics (www.aptmetrics.com) for a new 2,700 SF office at 320 Post Road West in Westport, CT. Choyce Peterson Vice President Adam Cognetta and Principal John Hannigan represented APTMetrics in this transaction.

When evaluating lease options for their space in Darien, CT, CFO of APTMetrics, Martin Kelly reached out to Mr. Cognetta and Mr. Hannigan for consultation. Mr. Cognetta and the Choyce Peterson team had led APTMetrics through multiple previous real estate transactions, including their existing HQ renewal in Darien and satellite office locations in Virginia, Georgia, and Illinois. Mr. Kelly explained that he was seeking to relocate their Fairfield County Headquarters office further north in the county to better align with the location needs of the on-site team and financial objectives of the business. Additionally, he wanted a high-quality building with easy access to I-95 and the Merritt Parkway, a custom build-out, and a landlord who would be receptive to their office-space needs.

After touring the available buildings throughout Fairfield, Southport, and Westport, Mr. Cognetta and Mr. Hannigan solicited proposals from numerous landlords. Ultimately, Mr. Kelly and his team decided on 320 Post Road West in Westport. This building had recently undergone extensive renovations and offered both a great location convenient to both I-95 and the Merritt Parkway, with an opportunity for a custom build-out within an efficient footprint. Mr. Kelly worked with a local architect recommended by Choyce Peterson to design a space that was thoughtfully laid out and aesthetically modern. The Choyce Peterson team negotiated a long-term lease with favorable financial terms for APTMetrics, including free rent and a custom build-out provided by the landlord.

Mr. Cognetta commented, "Over the past many years we have enjoyed a long-standing partnership with APT. For this particular transaction, APT asked us to direct our search in several boutique markets which, despite COVID, have experienced a continued tightening of availability. By focusing on the factors that mattered most to APT, we were able to short-list several unique, quality options and negotiate mutually beneficial terms that rendered this an all-around success."

Mr. Kelly concluded, "It's always a pleasure working with Adam and John - this headquarters office relocation was an important initiative for APT and Choyce Peterson again delivered outstanding professional service. They went out of their way to check every corner of the market and guide us toward an attractive, distinctive building and an office that perfectly accommodates our needs. We are thrilled to join the Westport community where we will continue to grow our business."

The landlord, 320 Post Road West Group, was represented by Senior Director Adam Klimek of Cushman & Wakefield.

About APTMetrics

APTMetrics is a national, full-service human resource consulting firm headquartered in Westport, CT. The company was founded in 1995 by Drs. Kathleen Kappy Lundquist and John C. Scott. APTMetrics is the only human resource consultancy firm that builds world-class talent solution and is nationally recognized for its employment litigation support services.

About Choyce Peterson

Choyce Peterson, Inc., a full service commercial real estate brokerage and consulting firm with offices in Norwalk, CT and Rye Brook, NY, was founded in 1997 and has negotiated millions of square feet of transactions in 42 states and Canada. The Choyce Peterson process delivers comprehensive and creative real estate solutions to ensure clients derive maximum value from their real estate decisions. http://www.choycepeterson.com/

MEDIA CONTACT:
Adam Cognetta
Vice President
Choyce Peterson, Inc.
(203) 961-8173
acognetta@choycepeterson.com

MULTIMEDIA:
Photo link for media: https://www.Send2Press.com/300dpi/21-0525s2p-320postrd-300dpi.jpg

Caption: Photo courtesy of CoStar.

Choyce Peterson, Inc., a full-service commercial real estate brokerage and consulting firm, recently announced the successful conclusion of lease negotiations on behalf of APTMetrics for a new 2,700 SF office at 320 Post Road West in Westport, CT. Choyce Peterson Vice President Adam Cognetta and Principal John Hannigan represented APTMetrics in this transaction.

Related link: https://www.choycepeterson.com/

Long Island Sound Views: 13,990 SF Office Space Sublease at 383 Main Avenue, Norwalk, CT Represented by Choyce Peterson

NORWALK, Conn. /ScoopCloud/ -- Choyce Peterson, Inc. (www.choycepeterson.com), a full-service commercial real estate brokerage and consulting firm, announced they are exclusively representing a 13,990 square foot office suite available for sublease in the MerrittView building at 383 Main Avenue in Norwalk, CT. Choyce Peterson Principal John Hannigan, Vice President Adam Cognetta, and Vice President Charlene O'Connell comprise the brokerage team.

MerrittView offers a full range of amenities which include a newly renovated fitness center and cafeteria, ample covered parking, shuttle service to the South Norwalk and Merritt 7 train stations, 24-hour attended access, and an expansive Executive Conference Room. In addition, the MerrittView building provides a convenient location at Exits 40A/B on the Merritt Parkway and 3 miles to Exit 15 of I-95.

The office space is located on the 7th floor, offering expansive views across Norwalk and Long Island Sound. The recently renovated space incorporates 22 offices and an open area for 34 workstations. There are also three conference rooms, a new kitchen, and if requested, furniture. The sublease term is through September 2025, and the landlord, Empire State Realty Trust, is open to a direct deal as well.

Hannigan commented, "We are pleased to represent a nicely-appointed suite with an abundance of offices and conference rooms; coupled with furniture, this presents a tremendous value for prospective tenants. As a tenant ourselves in the building for over six years, we have experienced first-hand the positive attributes of this professionally run, Class A building which offers top tier amenities with great highway and train access."

About Choyce Peterson

Choyce Peterson, Inc., a full service commercial real estate brokerage and consulting firm with offices in Norwalk, CT and Rye Brook, NY, was founded in 1997 and has negotiated millions of square feet of transactions in 42 states and Canada. The Choyce Peterson process delivers comprehensive and creative real estate solutions to ensure clients derive maximum value from their real estate decisions.

Learn more: https://www.choycepeterson.com/property/383-main-ave

MEDIA CONTACT:
John Hannigan
Principal
Choyce Peterson, Inc.
(203) 961-8175
jhannigan@choycepeterson.com
www.choycepeterson.com

MULTIMEDIA:

IMAGE link for media: https://www.Send2Press.com/300dpi/21-0429s2p-MerrittView-300dpi.jpg

Photo courtesy of CoStar with permission from ESRT.

Choyce Peterson, Inc., a full-service commercial real estate brokerage and consulting firm, announced they are exclusively representing a 13,990 square foot office suite available for sublease in the MerrittView building at 383 Main Avenue in Norwalk, CT.

Related link: https://www.choycepeterson.com/

Choyce Peterson To Represent Three Retail Spaces In The SoNo Collection

NORWALK, Conn. /ScoopCloud/ -- Choyce Peterson, Inc. (www.choycepeterson.com), a full-service commercial real estate brokerage and consulting firm, announced that Brookfield Properties has appointed Choyce Peterson as the exclusive listing agent representing three separate spaces at The SoNo Collection, 100 N. Water Street in Norwalk, CT. The mall's tenants include Nordstrom, Bloomingdale's, H&M, Untuckit, Arhaus, EQ3, YardHouse, and Pinstripes Bistro.

Choyce Peterson Vice President Adam Cognetta stated, "We are excited to partner with Brookfield Properties in representing these unique spaces in what has been, and continues to be, a prominent project in Connecticut. These spaces represent high-visibility opportunities for users to leverage strong area demographics, all while benefitting from dedicated entrances. This is truly an unparalleled opportunity to join an impressive tenant roster in a first-class, destination shopping center."

The first retail space is 2,442 SF on well-trafficked West Avenue, with a private entrance accessible via a walkway directly from the road and parking garage. It offers high ceilings and significant signage opportunities. The second space is 3,485 SF on N. Water Street with notable outward-facing window frontage. The third space is 3,625 SF also on N. Water Street with high ceilings, exceptional visibility from the road, and the potential for a dedicated parking area.

All three spaces are available immediately with a build-to-suit option which can accommodate a wide variety of consumer-centric commercial businesses such as entertainment, retail, medical, service, and office. There are dedicated entrances to each of these retail spaces, which do not require the use of the shared mall entrances. This unique shopping site features abundant parking and is easily accessible from Exit 14 off I-95, a major roadway traveled by 129,000 cars daily.

Matthew Seebeck, Senior General Manager of the SoNo Collection responded, "We look forward to working with Adam and the Choyce Peterson team in managing the leasing efforts for these three spaces. We are confident their energy, creative approach, dedication and experience will yield strong leasing activity."

About Brookfield Properties

Brookfield Properties is a fully-integrated, global real estate services company, providing industry-leading portfolio management capabilities across the real estate investment strategies of Brookfield Asset Management - a global alternative asset manager with approximately $600 billion in AUM. Brookfield Properties develops and manages premier real estate with a focus on maximizing the tenant experience in addition to the investment and operational performance of the asset. We also focus on integrating leading-edge real estate technologies which enables us to be at the forefront of innovation and sustainability - benefiting not only our tenants and business partners, but also the communities in which we operate. For more information about our approach to operating and developing best-in-class real estate, please visit brookfieldproperties.com.

About Choyce Peterson

Choyce Peterson, Inc., a full-service commercial real estate brokerage and consulting firm with offices in Norwalk, CT and Rye Brook, NY, was founded in 1997 and has negotiated millions of square feet of transactions in 42 states and Canada. The Choyce Peterson process delivers comprehensive and creative real estate solutions to ensure clients derive maximum value from their real estate decisions.

Learn more at: https://www.choycepeterson.com/property/sono-collection

Twitter: @choycepeterson

Choyce Peterson, Inc., a full-service commercial real estate brokerage and consulting firm, announced that Brookfield Properties has appointed Choyce Peterson as the exclusive listing agent representing three separate spaces at The SoNo Collection, 100 N. Water Street in Norwalk, CT.

Related link: https://www.choycepeterson.com/

5,700 Square Foot Office Space Sublease at 6 Landmark Square in Stamford, CT Represented by Choyce Peterson

NORWALK, Conn. /ScoopCloud/ -- Choyce Peterson, Inc. (www.choycepeterson.com), a full-service commercial real estate brokerage and consulting firm, announced they are exclusively representing a 5,700 square foot (SF) office suite available for sublease at 6 Landmark Square in Stamford, CT. Choyce Peterson Vice President Adam Cognetta, Principal John Hannigan and Associate Casey McKnight comprise the brokerage team.

Landmark Square is a seven-building office and retail complex in the heart of downtown Stamford, conveniently located just off Exit 7 of I-95, and nearby the Stamford Metro North Train Station. The Landmark Square complex is attached to the Stamford Town Center mall with a movie theater, dry cleaner and barbershop. Landmark Square has covered parking, a private tenant shuttle to the Stamford Train Station, a 20,000 SF tenants-only fitness facility, and café with both indoor and outdoor seating. It also offers on-site ownership, and full-time security and concierge services.

The 5,700 SF office space is on the third floor and comprises the entire floor of the building at 6 Landmark Square. Thus, a future tenant leasing this space will have dedicated signage in the 3rd floor lobby and private bathrooms. The suite has 8-10 offices, room for 15-25 workstations, and 1-2 conference rooms. In addition, there is a private kitchen and furniture is available upon request. The sublease term is through October 2025, and the landlord, Reckson a Division of SL Green, is open to a direct deal as well.

Cognetta commented, "We are delighted to represent a quality office space within a renown Fairfield County office and retail complex. Landmark Square is perfectly situated within walking distance of countless restaurants and retail stores. With convenient access to both I-95 and the Stamford Train Station, this location appeals to both car commuters, and those who prefer to commute via Metro North. This space would make an excellent new office for any company looking to relocate to a class A building in downtown Stamford."

About Choyce Peterson

Choyce Peterson, Inc., a full service commercial real estate brokerage and consulting firm with offices in Norwalk, CT and Rye Brook, NY, was founded in 1997 and has negotiated millions of square feet of transactions in 42 states and Canada. The Choyce Peterson process delivers comprehensive and creative real estate solutions to ensure clients derive maximum value from their real estate decisions.

Learn more: https://www.choycepeterson.com/property/6-landmark-square

Media Contact:
Adam Cognetta
Vice President
Choyce Peterson, Inc.
(203) 961-8173
acognetta@choycepeterson.com
www.choycepeterson.com

Choyce Peterson, Inc., a full-service commercial real estate brokerage and consulting firm, announced they are exclusively representing a 5,700 square foot (SF) office suite available for sublease at 6 Landmark Square in Stamford, CT.

Related link: https://www.choycepeterson.com/

Blair & Potts Relocates within Stamford Plaza in Stamford, CT – Choyce Peterson Negotiates Transaction

NORWALK, Conn. /ScoopCloud/ -- Choyce Peterson, Inc. (www.choycepeterson.com), a full-service commercial real estate brokerage and consulting firm, announced the successful completion of lease negotiations for Blair & Potts (www.blairandpotts.com) for its 6,169 square-foot office space at Two Stamford Plaza in Stamford, CT. Choyce Peterson Vice President Adam Cognetta and Principal John Hannigan represented Blair & Potts in the transaction.

Rob Buckingham, Jr. and Bob DeVellis, partners at Blair & Potts, decided to engage Cognetta and Hannigan's services after an introductory phone call and follow-up meeting with them, well ahead of the firm's lease expiration. The Choyce Peterson team led DeVellis and Buckingham on a wide search of available space in Stamford. After touring multiple buildings and Choyce Peterson negotiating proposals for several buildings, it became clear that the ideal solution was to remain in the Stamford Plaza complex but consider relocating from Building Four to Building Two into a newly built office suite. The employees at Blair & Potts had come to appreciate the numerous amenities that

Stamford Plaza offers, including outdoor space, along with a new cafeteria, dry cleaners, renovated fitness center, shuttle to the Stamford train station and covered parking. Most importantly, however, is Stamford Plaza's perfect location in the heart of Stamford's central business district, directly off Exit 8 of I-95, with convenient access for both Blair & Potts' clients and employees.

Cognetta and Hannigan negotiated with Margaret Carlson, Portfolio Manager for RFR Realty, LLC ("RFR"), the landlord at Stamford Plaza, to arrive at a solution which combined two pre-built suites with several modifications to accommodate Blair & Potts' specifications. Blair & Potts is relocating from Four Stamford Plaza to Two Stamford Plaza.

"We really enjoyed partnering with Rob and Bob on this project," Cognetta said. "We encouraged them to tour all viable options in Stamford, as well as explore available suites in their current complex so they could make a fully informed decision on the best option. We ultimately negotiated a solution that ticked all the boxes, allowing them to retain the quality location their employees and clients appreciated, while providing compelling economic lease terms in a brand-new space."

"We are very happy with the work that Adam and John did to make this long-term decision a clear one - especially in this environment," commented Blair & Potts. "They helped us survey the entire market so we could compare and ultimately focus on the most important factors in a new suite. Their professional and comprehensive process was instrumental in providing us with the best result for our needs."

About Blair & Potts

Blair & Potts was founded on January 4, 1993 by Nancy E. Blair and Arthur G. Potts, Jr., to provide legal services to individuals in the areas of estate planning, trust and estate administration, and taxation of individuals, trusts and estates. In addition to seven attorneys, Blair & Potts has a full team of fiduciary accountants, paralegals and administrative assistants, which enables us to staff each matter in the most efficient and cost-effective way for our clients. We regularly work with our clients' business, financial and insurance advisors to provide comprehensive advice and counseling.

About Choyce Peterson

Choyce Peterson, Inc., a full service commercial real estate brokerage and consulting firm with offices in Norwalk, CT and Rye Brook, NY, was founded in 1997 and has negotiated millions of square feet of transactions in 42 states and Canada. The Choyce Peterson process delivers comprehensive and creative real estate solutions to ensure clients derive maximum value from their real estate decisions.

Contact:
Adam Cognetta
Vice President
Choyce Peterson, Inc.
(203) 961-8173
acognetta@choycepeterson.com
www.choycepeterson.com

Choyce Peterson, Inc., a full-service commercial real estate brokerage and consulting firm, announced the successful completion of lease negotiations for Blair & Potts for its 6,169 square-foot office space at Two Stamford Plaza in Stamford, CT.

Related link: https://www.choycepeterson.com/

13,500 Square Foot Office Space Sublease at 1 Thorndal Circle, Darien, CT Represented by Choyce Peterson

NORWALK, Conn. /ScoopCloud/ -- Choyce Peterson, Inc. (www.choycepeterson.com), a full-service commercial real estate brokerage and consulting firm, announced they are exclusively representing a 13,500 square foot office suite available for sublease at 1 Thorndal Circle in Darien, CT. Choyce Peterson Principal John Hannigan, Vice President Adam Cognetta, and Vice President Charlene O'Connell comprise the brokerage team.

This well-situated office space is located in a multi-building office park that is conveniently located 0.2 miles off Exit 11 of I-95, 0.7 miles to the Darien Train Station, and just a half mile from downtown Darien. Recent renovations complement the executive layout of this suite with 25 offices, of which 12 are in corners, as well as workstation areas.

In addition, there is a large conference room, a spacious kitchen, built-in rolling files, private bathrooms and, if requested, furniture. The building offers easy stair access to this 2nd floor suite, covered parking, and on-site building management. The sublease term is through June 2021, and the landlord, The Nielsen Company, is open to a direct deal as well.

Hannigan commented, "We are pleased to represent such a valuable office space within an iconic office park. The Thorndal Circle Office Park is perfectly situated to appeal to both suburban employees who commute via car, and those living closer to New York City who would commute via Metro North. This location, coupled with a well-appointed suite offering numerous socially-distanced workspaces, would make an ideal new office location for any company."

About Choyce Peterson

Choyce Peterson, Inc., a full service commercial real estate brokerage and consulting firm with offices in Norwalk, CT and Rye Brook, NY, was founded in 1997 and has negotiated millions of square feet of transactions in 42 states and Canada. The Choyce Peterson process delivers comprehensive and creative real estate solutions to ensure clients derive maximum value from their real estate decisions.

Learn more: https://www.choycepeterson.com/property/1-thorndal-circle

Contact:
John Hannigan
Principal
Choyce Peterson, Inc.
(203) 961-8175
jhannigan@choycepeterson.com
www.choycepeterson.com

Choyce Peterson, Inc., a full-service commercial real estate brokerage and consulting firm, announced they are exclusively representing a 13,500 square foot office suite available for sublease at 1 Thorndal Circle in Darien, CT. Choyce Peterson Principal John Hannigan, Vice President Adam Cognetta, and Vice President Charlene O'Connell comprise the brokerage team.

Related link: https://www.choycepeterson.com/

Incredible 12,375-14,625 Square Foot Available Office Space Sublease at 230 East Avenue in Norwalk, CT

NORWALK, Conn. /ScoopCloud/ -- Choyce Peterson, Inc. (www.choycepeterson.com), a full-service commercial real estate brokerage and consulting firm, announced they are exclusively representing a unique 12,375-14,625 square foot office suite available for sublease at 230 East Avenue in Norwalk, CT, located directly at the East Norwalk Metro North train station and 0.4 miles from Exit 16 off I-95. Choyce Peterson Principal John Hannigan, Vice President Charlene O'Connell, and Associate Casey McKnight comprise the brokerage team.

This well-appointed commercial office space has a brand-new buildout with a modern layout consisting of numerous perimeter offices, two conference rooms, a sizable area for workstations and a spacious kitchen. Furniture is available if desired. In addition, the suite has a dedicated entrance off the parking lot and private bathrooms. A mezzanine level provides an additional 2,250 square feet of space to use for workstations, storage, or a lounge area. The sublease term is through January 2030, however the landlord, Spinnaker Real Estate Partners, is open to a direct deal as well.

What distinguishes this building from every other Fairfield County office building is the spectacular and unparalleled building amenities which include indoor AND outdoor rooftop meeting and entertainment spaces, ground floor lounge areas, conference rooms, media room, fitness center, exterior courtyard and lower-level covered parking.

Hannigan commented, "We are thrilled to represent a high-quality sublease in a building with the perfect location at the foot of the East Norwalk train station, as well as incredible building amenities. It presents the ideal solution for companies in the region or New York City looking to establish an office in an urban suburbia location."

About Choyce Peterson

Choyce Peterson, Inc., a full service commercial real estate brokerage and consulting firm with offices in Norwalk, CT and Rye Brook, NY, was founded in 1997 and has negotiated millions of square feet of transactions in 42 states and Canada. The Choyce Peterson process delivers comprehensive and creative real estate solutions to ensure clients derive maximum value from their real estate decisions.

Learn more: https://www.choycepeterson.com/property/230-east-ave

Media Contact:
John Hannigan
Principal
Choyce Peterson, Inc.
(203) 961-8175
jhannigan@choycepeterson.com

Choyce Peterson, Inc., a full-service commercial real estate brokerage and consulting firm, announced they are exclusively representing a unique 12,375-14,625 square foot office suite available for sublease at 230 East Avenue in Norwalk, CT, located directly at the East Norwalk Metro North train station.

Related link: https://www.choycepeterson.com/

Choyce Peterson Negotiates New 6,500 SF Westport, CT Office for Keller Williams Prestige Properties

NORWALK, Conn. /ScoopCloud/ -- Choyce Peterson, Inc. (www.choycepeterson.com), a full-service commercial real estate brokerage and consulting firm, recently announced the successful conclusion of lease negotiations on behalf of Keller Williams Prestige Properties ('KWPP') (www.kellerwilliamsprestigeprop.com) for a new 6,500 SF office at 276 Post Road West in Westport, CT. Choyce Peterson Vice Presidents Adam Cognetta and Charlene O'Connell represented KWPP in this transaction.

When Stephen Scott, CEO of KWPP, was ready to expand his Stamford-based residential real estate business into the Westport area, he called Cognetta, with whom he and his brokerage team had an existing professional relationship. Scott explained that he was seeking a building with excellent visibility that could offer a flexible working space. In addition, KWPP required abundant parking to accommodate a transient agent team and increased employee count during on-site training days.

After touring buildings throughout the Westport area, and soliciting proposals from numerous landlords, Scott and his team decided on 276 Post Road West. This building had existing conditions which were modified to allow the right mix of training, office, break-out and open space. In addition to negotiating a landlord-funded buildout, Cognetta and O'Connell successfully made a case for the Landlord to expedite renovations of the common bathrooms, building entry and facade which together with an enhanced landscaping program, will give the building a much more contemporary look.

Cognetta commented, "It's been a pleasure representing Steve, Rick and the KWPP team. This project was geared towards optimizing the way their agents work - today and in the future. By working collaboratively and creatively with KWPP we achieved an excellent outcome. Keller Williams is a terrific, long-term fit for the building and the Westport market. They will be at home in this bespoke, functional and modern office."

Scott concluded, "We were thrilled to work with Adam and Charlene on this exciting project. They turned the market upside down and exceeded expectations in every respect to help us achieve our vision. Parking and modernization of the building were critical along the path to success. We are excited to expand our business in Fairfield County and to meet with clients in a terrific new space."

The landlord, GA Family 276 Westport LLC, was represented by Senior Director Adam Klimek and Director William Montague of Cushman & Wakefield.

About Keller Williams Prestige Properties (KWPP)

KWPP is a multifaceted full-service residential real estate brokerage. KWPP's market center in Stamford, comprised of 340 agents, is the #1 brokerage in Stamford and Norwalk and the #2 real estate office in the state of Connecticut both in units and volume sold.

About Choyce Peterson

Choyce Peterson, Inc., a full service commercial real estate brokerage and consulting firm with offices in Norwalk, CT and Rye Brook, NY, was founded in 1997 and has negotiated millions of square feet of transactions in 42 states and Canada. The Choyce Peterson process delivers comprehensive and creative real estate solutions to ensure clients derive maximum value from their real estate decisions. Learn more: https://www.choycepeterson.com/.

Choyce Peterson, Inc., a full-service commercial real estate brokerage and consulting firm, recently announced the successful conclusion of lease negotiations on behalf of Keller Williams Prestige Properties ('KWPP') for a new 6,500 SF office at 276 Post Road West in Westport, CT.

Related link: https://www.choycepeterson.com/

Choyce Peterson Publishes Year-End 2020 Lower Fairfield County Office Space Availability Poster

NORWALK, Conn. /ScoopCloud/ -- Choyce Peterson, Inc. (www.choycepeterson.com), a full service commercial real estate brokerage firm with a specialization in tenant representation, announced the release of its 22nd semi-annual Lower Fairfield County Office Space Availability Poster. While 2020 started with a high availability rate, it was widely expected that there would be a significant amount of available office space added to the market. This report shows otherwise as there was only a 2.0 percentage point increase in total availability, from 27.8% at Year-End 2019 to 29.8% at Year-End 2020.

The full-size poster depicts silhouettes of 96 buildings with a total inventory of 18.2 million square feet and tracks changes in office space availability from Year-End 2019 to Year-End 2020 in larger, primarily multi-tenanted Class A office buildings in Stamford, Norwalk, Greenwich, and Westport. The unique study illustrates the absorption and give back of direct and sublease space, as well as overall availability statistics.

The following refers to the poster's "availability rate" at Year End 2019 vs. Year End 2020 in each market surveyed:

* STAMFORD increased from 30.2 to 34.1%. Of the 31 buildings surveyed, 16 experienced a decrease in available square footage, 12 had an increase and 3 were unchanged. Three buildings added a staggering 570,000 square feet of available space: 1 Harbor Point Square (sublease space), 201 Tresser Blvd (Purdue Pharma building) and 301 Tresser Blvd (direct space).

* NORWALK increased from 32.5% to 34.6%. Of the 20 buildings surveyed, 6 experienced a decrease in available square footage, 8 had an increase and 6 were unchanged. 200 Connecticut Avenue and 535 Connecticut Avenue added the most space (94,222 square feet).

* GREENWICH decreased from 18.1% to 16.1%. Of the 25 buildings surveyed, 11 experienced a decrease in available square footage, 6 had an increase and 8 were unchanged. 1 American Lane and 100 West Putnam Avenue combined, decreased their availability by 46,003 square feet.

* WESTPORT, the strongest of the four markets, decreased from 15.9% to 12.6%. Of the 20 buildings surveyed, 6 experienced a decrease in available square footage, 4 had an increase and 10 were unchanged. 55 Post Road West, 276 Post Road West and 285 Riverside Avenue combined, decreased their availability by 41,516 square feet.

"I'm sure this report will perplex many people," stated John P. Hannigan, a principal at Choyce Peterson. Hannigan continued, "I've had numerous conversations with area executives and read many reports about the demise of office space. To date, our regional market has weathered the storm of COVID-19. In fact, two of the four markets surveyed, Greenwich and Westport, have seen a decrease in availability rates. Greenwich benefited from NYC based companies leasing space, while Westport's absorption was mainly comprised of companies relocating within Fairfield County."

He added, "With an increase in available space in Stamford and Norwalk, landlords in these markets are now more flexible with financial and business terms when negotiating leases. In fact, in the second half of 2020 we obtained significantly favorable results for our clients including rental rates below the ask and a substantial amount of free rent, with landlords funding and providing a new office buildout based on a tenant's specifications."

Adam Cognetta, vice president at Choyce Peterson noted, "While there has been and remains a heavy focus on strong residential market dynamics, commercial office market activity was frozen for most of 2020 and since late fall has been thawing out. We expect the uptick in activity to continue through 2021, partially offset by the longer-term implications of work-from-home flexibility and post-pandemic workplace planning. As leases expire, executives will be focused on evaluating appropriate sizing and lease terms among other key considerations."

To view the poster visit: https://www.choycepeterson.com/officeposter2020ye

To order a copy of Choyce Peterson's comparative Silhouette Poster, please call 203-356-9600 or email info@choycepeterson.com.

About Choyce Peterson

Choyce Peterson, Inc., a full service commercial real estate brokerage and consulting firm with offices in Norwalk, CT and Rye Brook, NY, was founded in 1997 and has negotiated millions of square feet of transactions in 42 states and Canada. The Choyce Peterson process delivers comprehensive and creative real estate solutions to ensure clients derive maximum value from their real estate decisions.

Learn more at: https://www.choycepeterson.com/

MEDIA CONTACTS
John P. Hannigan
Principal
203-961-8175
Choyce Peterson, Inc.
jhannigan@choycepeterson.com

Adam M. Cognetta
Vice President
203-961-8173
Choyce Peterson, Inc.
acognetta@choycepeterson.com

Choyce Peterson, Inc., a full service commercial real estate brokerage firm with a specialization in tenant representation, announced the release of its 22nd semi-annual Lower Fairfield County Office Space Availability Poster.

Related link: https://www.choycepeterson.com/