Choyce Peterson Negotiates Customized Build-Out for Ridgefield Capital in New 5,600-Square-Foot Office Space

Stamford, CT, Sept. 29, ‘10 ¾ Choyce Peterson, Inc. (www.choycepeterson.com), a commercial real estate brokerage and consulting firm, today announced the completion of lease negotiations on behalf of Ridgefield Capital Asset Management (RCAM), a commodity investment and management firm, for a new 5,600-square-foot office at 38C Grove Street in Ridgefield, Connecticut. John P. Hannigan and Alan R. Peterson, principals of Choyce Peterson, represented RCAM.

Prior to embarking upon a comprehensive search process, RCAM required Choyce Peterson to find a building with an efficient layout and achieve a superior market rate. They also requested a sophisticated infrastructure capable of supporting a back-up generator for business continuity, an essential consideration for many financial institutions, and a layout able to accommodate an outside deck. Choyce Peterson found several locations meeting all these conditions and then negotiated a favorable rent, including a customized build-out paid for by the chosen landlord. 

Mr. Hannigan, Principal of Choyce Peterson, commented, “Ridgefield Capital looked at locations in Danbury, Wilton and Ridgefield, but at the end of the day, they were focused on maintaining a Ridgefield address. After the list of possible locations was winnowed down to two, we negotiated with both landlords simultaneously to get the best possible deal.”   

Tom Trillo, Chief Operating Officer of Ridgefield Capital, added, “Choyce Peterson should be commended for the thoroughness of the search process and its unflagging efforts to

meet all of our needs. The company’s persistence and expert guidance were the most positive elements of an involved and lengthy process.”

The new location will support 18 employees including a seasoned team of analysts and back-office staff in a variety of commodity related fields. The staff manages an alternative investment portfolio consisting of various derivatives and commodity businesses averaging more than 20 years in commodity investing.

The landlord is DOSO Realty, LLC, and its broker was Barbara Segilini-Stilley of CB Richard Ellis.