News

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.

When evaluating lease options for their space in Darien, CFO of APTMetrics, Martin Kelly reached out to Cognetta and Hannigan for consultation. 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. 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 access to 1-95 and the Merritt Pkwy, a custom build-out, and a landlord who would be receptive to their office-space needs.

Choyce Peterson, Inc. has concluded lease negotiations on behalf of Reed’s Inc., a publicly-traded craft beverage manufacturing company, for their 5,154 s/f headquarters office at 501 Merritt 7. Choyce Peterson principal John Hannigan and vice president Charlene O’Connell represented Reed’s in this transaction.

The Field Group’s 2009 Summer St., an office property in Stamford, CT, has been fully leased. Following strong leasing activity throughout 2020 and 2021, a solar company, a security firm, and a not-for-profit religious-based group have each recently signed leases for the remaining office suites.

Banks lending to developers in Fairfield and Westchester Counties report that business has been steady for the past 12 to 18 months, thanks to low interest and capitalization rates.

The full-size poster tracks changes in office space availabilities from Year-End 2019 to Mid-Year 2020 in larger, primarily multi-tenanted Class A office buildings in Greenwich, Stamford, Norwalk, and Westport. The unique study illustrates the absorption and give back of space, as well as overall availability statistics.

Norwalk, CT Choyce Peterson, Inc. has released its 28th semi-annual Lower Fairfield County Office Market Survey. The survey depicts silhouettes of 97 buildings with a total inventory of 17.9 million s/f and tracks changes in office space availability from year-end 2022 to year-end 2023 in larger, primarily multi-tenanted class A office buildings in Stamford, Norwalk, Greenwich, and Westport. The survey illustrates, for direct and subleases, the absorption of leased space, the addition of available space, and overall availability statistics.

Choyce Peterson, Inc. has released the 19th semi-annual version of its Silhouette Study. The full-size poster tracks changes in office space availabilities from year-end 2018 to mid-year 2019 in larger, primarily multi-tenanted class A office buildings in Greenwich, Stamford and Norwalk. The unique study uses comparative building silhouettes to illustrate the absorption of space, as well as overall availability statistics for the selected buildings in the respective municipalities.

Offices sell in back-to-back transactions in affluent Connecticut town