Choyce Peterson Negotiates 11,765-Square-Foot Lease for WTP Advisors

July 16, 2010 - Westchester Rising

Choyce Peterson, Inc., a commercial real estate brokerage and consulting firm, has announced the completion of lease negotiations for WTP Advisors, a tax and business services firm focused on complex quantitative solutions. The renewal more than tripled the company’s headquarters to 11,765 square feet at White Plains Plaza, located at One North Broadway in White Plains.

WTP Advisors chose Choyce Peterson as a commercial real estate broker for the third time since 2008 when they concluded an initial lease at the same location for 2,192 square feet. This time, Choyce Peterson negotiated an expansion of more than 7,900 square feet and a lease extension of their existing 3,800 square feet thanks to John Hannigan, principal of the company and lead broker on all three occasions.

Hannigan commented, “We are pleased to see WTP Advisors’ steady growth, and I am personally honored by their continuing confidence in our firm. We urge our expanding clients to consider expansion within their building as a viable option for business continuity, employee satisfaction and preferred location.”

Hannigan went on to note numerous economic benefits based on WTP’s status as an existing tenant tripling its office size, including a staged expansion to meet WTP’s growing needs as they arise, as well as continued use of a shuttle to the train station and amenities such as a brand new lobby, a shared conference room and a popular ground-floor retail, Panera Bread.

WTP currently supports 30 people in its White Plains headquarters. Its landlord, Heyman Properties, was represented by Larry Ruggieri and Glenn Walsh of Cushman & Wakefield.

Reprinted with permission of Westchester Rising