News

While the Belden Avenue courthouse was in operation 8-10 Byington place, a short walk away, was the perfect place for a law office. However, with the indefinite closure the 4,200 square foot office building was less useful to Michael Corsello, Esq. and Randy Cohen, Esq. so they decided to sell the property through Choyce Peterson.

Purchase, NY Choyce Peterson, Inc. finalized lease negotiations on behalf of Triton International an intermodal container leasing corporation, for a 39,649 s/f office at 100 Manhattanville Rd. 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.

The first of five videos, the first focusing on Westport.

The commercial real estate brokerage firm’s 23rd semi-annual “Lower Fairfield County Office Space Availability Poster” tracks 96 buildings with a total inventory of 18.2 million square feet. Those properties are primarily multi-tenanted Class A office buildings in Stamford, Norwalk, Greenwich, and Westport.The report shows 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. Of the 361,923 square feet increase in total availability, 88% is due to new sublease space added to the market.

WALLINGFORD — O&G Industries, the largest privately held construction firm in Connecticut, is moving into a new 9,992-square-footoffice space at 900 Northrop Road, the firm announced recently.‍The office is within close proximity toI-91 North and South. The move comes after the state awarded O&G a major contract to carry out the reconfiguration project of I-91,1-691-and Route 15 Interchange in Meriden. Choyce Peterson Commercial Real Estate Specialists carried out the lease negotiations on behalf of O&G and the Connecticut Department of Transportation.To better coordinate the construction efforts, the Torrington-based firm sought out a centrally located office much closer to the interstates where they would be housing their Heavy Highways Division staff overseeing the project until its completion.

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.

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.