Choyce Peterson Completes Complex Deal for Arrowhead Mezzanine; Multiple Parties Engage in Negotiations for 3,825 Square-Foot Office Space

Stamford, CT, May 26, ‘10 -- Choyce Peterson, Inc. (www.choycepeterson.com), a commercial real estate brokerage and consulting firm, today announced the completion of lease negotiations on behalf of Arrowhead Mezzanine (www.arrowmezz.com), an alternative asset manager of private equity funds, who relocated from New York City to a new headquarters of 3,825 square feet at 55 Railroad Avenue in Greenwich.

Negotiations originally commenced with the sub-sub-landlord  for a short-term sub-sublease and were expanded to include the sublandlord for a longer term arrangement. Choyce Peterson handled complex negotiations and coordination among all parties including a support team they selected for the tenant.  

Mr. Hannigan, Principal of Choyce Peterson, commented, “Arrowhead Mezzanine provided a very specific set of needs, and we toured the Greenwich market extensively, negotiating proposals on several buildings simultaneously. We were extremely pleased, once we identified the ideal spot, to pursue it resolutely and successfully conclude negotiations for Arrowhead.”

Mr. Hannigan went on to describe the process in more detail. Choyce Peterson recommended an architect, construction firm and real estate attorney who were active participants on behalf of the tenant. In addition, negotiations among those parties, who needed to stay in close contact with Arrowhead to convey changing offers, were complicated by multiple contacts on the opposing side: the sub-sublandlord, sublandlord and landlord, each with their own agenda and priorities. 

The client’s requirements included a building within walking distance of Greenwich train station, high-end office space with a customized build out, top-rate management and 24-hour security.

Phillip Krall, Managing Partner of Arrowhead Mezzanine, noted, “We retained Choyce

Peterson after a strong personal recommendation and were thrilled with the level of attention we received from our initial consultation to the closing. After an exhausting search, we especially appreciated their stick-to-itiveness in the arduous process to close the final deal.”

Arrowhead will support 12 financial managers at its new location and will focus on managing blue-chip funds for market investors. The firm also tracks top performing groups in mezzanine securities.