Choyce Peterson Negotiates 11,765 Square-Foot Lease for WTP Advisors; WTP Advisors Continues Growth through Relocation within the Same Building

Stamford, CT, Apr. 20, '10 -- Choyce Peterson, Inc. (www.choycepeterson.com), a commercial real estate brokerage and consulting firm, today announced the completion of lease negotiations for WTP Advisors (www.wtpadvisors.com), 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, One North Broadway, White Plains, NY.

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.

Mr. 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."

Mr. 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.

Michael Minihan, Partner of WTP Advisors, elaborated, "We run a specialized tax and business advisory firm servicing a growing corporate niche and were especially pleased to expand within our current building. By doing so, we retained all our employees by keeping the same commute, preserved a landlord we knew and liked, and are now able to accommodate our future expansion. Choyce Peterson was invaluable in recommending and executing this course of action."

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.