Business, Free News Articles, Real Estate

Choyce Peterson Publishes Mid-Year 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 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.

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

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Business, Free News Articles, Real Estate

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

NORWALK, Conn. -- 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.

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

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Business, Free News Articles, Real Estate

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

NORWALK, Conn. -- 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.

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

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Business, Free News Articles, Real Estate

Long Island Sound Views: 13,990 SF Office Space Sublease at 383 Main Avenue, Norwalk, 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 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.

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

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Business, Free News Articles, Real Estate

5,700 Square Foot Office Space Sublease at 6 Landmark Square 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 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

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

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Business, Free News Articles, Real Estate

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

NORWALK, Conn. -- 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

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

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Business, Free News Articles, Real Estate

13,500 Square Foot Office Space Sublease at 1 Thorndal Circle, Darien, 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 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

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

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Business, Free News Articles, Real Estate

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

NORWALK, Conn. -- 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

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

This news story was published by the Neotrope® News Network - all rights reserved.