News

Choyce Peterson, Inc. (www.choycepeterson.com), a full-service commercial real estate brokerage firm, is exclusively representing a sublease consisting of 18,589 (half-floor) to 38,566 square feet (SF) (full-floor) at 400 Atlantic Street in Stamford, CT. This 508,043 SF building was recently purchased by George Comfort & Sons, Inc. and AVG Partners. Choyce Peterson Principal John Hannigan and Vice President Charlene O’Connell comprise the brokerage team representing the sublease.

Choyce Peterson Inc., a commercial real estate brokerage firm, recently announced that it has been appointed by Melissa and John Engel, principals of E Properties LLC, as the exclusive list- ing agent representing the sale of their free-standing buildings at 199 and 215 Elm St. in New Canaan. The Choyce Pe- terson Capital Markets team is made up of Vice President Scott Peterson, Prin- cipal John Hannigan and Vice President Charlene O’Connell.

It has always been thought that as the economy improves, companies would hire more staff and office buildings in Fairfield County would start to fill up.

The commercial real estate market in Fairfield County continues to drift in the doldrums as many companies remain wary about hiring more staff and financial services firms, the bedrock of the area economy, grapple with the uncertain investment market.

The number of empty offices in Fairfield County has declined slightly, according to one brokerage – the first time they’ve seen that trend in several years.

A Greenwich address has always been a sought-after prize for many companies, and the manager of a long-established office park in town expects to capitalize on it after launching a $10 million capital improvement program at the 425,000-square-foot complex.

As the economy slowly improves, more commercial real estate executives are looking to develop assets and deploy capital in secondary markets to generate returns, and the Stamford market is providing opportunities.

Business Brief, The Advocate – Choyce Peterson Inc., a commercial real estate brokerage and consulting firm, has announced it has created a new comparative version of its “silhouette study” to graphically illustrate changes in available office space in the Stamford, Greenwich and Norwalk Class A markets during the past six months. Originally distributed in mid-year 2010, the third study uses comparative graphics for the first time to show changes in the commercial real estate market from December 2010 to June 2011.

During the day, Adam Cognetta is vice president of Choyce Peterson, Inc. (www.choycepeterson.com), a full service commercial real estate brokerage and consulting firm with a specialty in representing both office and healthcare tenants. But when he’s not in the office or on the road, Cognetta is a champion of cancer-fighting causes. Just last month, he served on the Executive Committee for the American Cancer Society’s Comedy Against Cancer event in Stamford, CT, which raised net donations of more than $350,000.

OperationsInc, a human resources outsourcing firm, has been growing. Because of that, its founder, David Lewis, knew he had to find a new home, but never thought that he would be so fortunate to sign a lease for the Class A office space in Norwalk where his burgeoning firm expects to move in early August.