Choyce Peterson Negotiates 12,200 Sq.Ft. Lease for O'Shaughnessy Asset Management

New Investment Advisor Locates in Historic Structure at Six Suburban Ave., Stamford, CT

Stamford, CT, October 29, 2007 – Choyce Peterson, Inc, a tenants’ commercial real estate brokerage firm with offices in Stamford, CT, and White Plains, NY, has negotiated a new, 12,200 square foot lease for O’Shaughnessy Asset Management, LLC at Six Suburban Ave. in Stamford, CT.  O’Shaughnessy Asset Management, founded by a team of former Bear Stearns Asset Management executives including quantitative equity luminary and firm CEO James O’Shaughnessy, began managing about $6 billion in assets out of its new headquarters on October 1.  Jeffrey P. Williams and Steve Lash of Choyce Peterson, represented O’Shaughnessy Asset Management in its search and lease negotiation.

“Choyce Peterson did a great job for us,” said William Latimer, Managing Director for O’Shaughnessy Asset Management.  “After looking in New York City for most of the summer, we met Jeff.  We were very impressed with his professionalism.  He listened carefully and specifically to our needs, and he was able to stay extremely focused so he could accomplish a lot for us in an incredibly short time.  He kept a lot of balls in the air, so we were able to have a signed lease in 12 calendar days – even though both our CEO and the landlord were out of the country on business,” Mr. Latimer remarked.

“Jeff’s experience was also a large part of why he was able to accomplish so much for us in such a short time; not only did he know the market, he had a very good network of people he could call on to make things happen, where others said it was impossible. Jeff chased down everything we needed, from the architect to the decorator.  He even located new furniture and equipment which the previous tenant had barely uncrated that had already been sold. It really is amazing how far we’ve come in such a short time,” Mr. Latimer said.

“O’Shaugnessy Asset Management had hoped to find a plug-and-play trading space, and in Greenwich, when anything like that comes available, it usually has multiple competing offers from interested hedge funds,” Mr. Williams observed.  “The space at Six Suburban in Stamford had previously been leased and finished out for a former hedge fund, and already had the existing infrastructure, including a custom-built trading desk,” he said.

Six Suburban Ave., a stately neo-Federal style brick structure listed on the National Register of Historic Places in 1991, was built in 1914 as a clubhouse of the Suburban Club.  Once the haunt of prominent young businessmen, it’s amenities included a bowling alley in the basement, several billiard and card rooms, a men’s grill, separate dining rooms for men and for women guests, and a third floor dormitory with rooms for members.  The Club closed its doors in 1935 and remained vacant for six years until it was leased and subsequently purchased by the White Tower Management Corporation, a family company in the forefront of the fast food business.  The company (later renamed Tombrock Corporation) began a significant restoration of the facility in 1984.

The current owner, Detlef Stroeh of Germany, has continued to invest in updating the structure.  His firm, Tischler und Sohn (USA) Ltd. (www.tischerlerwindows.com), occupies the third floor at Six Suburban Ave.  O’Shaughnessy Asset Management has leased the first two floors, along with the majority of space in the basement.

Steve Baker, Kevin Foley and Torey Walsh of Cushman & Wakefield represented the landlord in the negotiation.

About O'Shaughnessy Asset Management, LLC

O'Shaughnessy Asset Management, LLC is an investment portfolio management firm founded in 2007.  Implementing quantitatively derived strategies developed by CEO Jim O’Shaughnessy, the team actively manages $6 billion in assets, including assets belonging to mutual funds managed on behalf of the Royal Bank of Canada, and anticipates managing in excess of $10 billion by January 31, 2008. The firm also subadvises systematic equity assets for Bear Stearns Asset Management. For more information visit www.osam.com.

About Choyce Peterson, Inc.