Business, Free News Articles, Real Estate

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. -- 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

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

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Business, Free News Articles, Real Estate

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

NORWALK, Conn. -- 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/

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

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Business, Free News Articles, Real Estate, Reports and Studies

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

NORWALK, Conn. -- 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/

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

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Business, Free News Articles, Real Estate

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

NORWALK, Conn. -- 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/

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

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Business, Free News Articles, Real Estate

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

NORWALK, Conn. -- 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

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

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Business, Free News Articles, Real Estate

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

NORWALK, Conn. -- 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/

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

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Business, Free News Articles, Real Estate

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

NORWALK, Conn. -- 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/

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

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Business, Free News Articles, Real Estate

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

NORWALK, Conn. -- 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/.

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

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Business, Free News Articles, Real Estate

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

NORWALK, Conn. -- 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.

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

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Business, Free News Articles, Real Estate

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

NORWALK, Conn. -- 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.

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

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