Norwalk, CT January 7, 2019 – Choyce Peterson, Inc. (www.choycepeterson.com), a commercial real estate brokerage and consulting firm which specializes in representing office tenants, announced the successful completion of lease negotiations for Ivy Rehab Physical Therapy (“Ivy Rehab”) in opening a new Danbury area branch at 3 Federal Road, in Brookfield, CT. Amy Lerner, Executive Vice President and Adam Cognetta, Vice President of Choyce Peterson represented Ivy Rehab in this transaction.
As Lerner had previously led the negotiations of Ivy Rehab’s relocation from Dobbs Ferry to a more visible location in Hartsdale, NY with easier access for disabled patients, Joel Cipowski, Ivy Rehab’s Director of Real Estate and Facilities Management, knew to contact Lerner when his company decided to expand their practice into the Danbury area. In keeping with Ivy Rehab’s new business focus to be in retail sites with greater visibility and easier client access, Cipowskiagain needed Lerner’s assistance in opening a local physical therapy facility within close proximity to the existing clientele of Kerrie Glassman, the newly hired operations manager and highly sought after physical therapist.
Lerner and Cognetta led Cipowski on an initial search of the Danbury/Brookfield area, focusing on retail areas on or near Newtown Road and Federal Road, with ample parking and easy client access. It was quickly determined that the 2,375 square foot space at 3 Federal Road would perfectly accommodate their 4 to 8 physical therapists. Lerner and Cognetta then worked with the landlord to pursue municipality approval for this type of use in a retail building. Once approved,Lerner and Cognetta negotiated for the landlord to build the space to suit,while providing an aggressive and fair market rental rate. To increase visibility, they built a picture window in the front, and established a large and noticeable sign from the street.
As Cipowski stated, “Amy and Adam were a pleasure to work with on this project. They understood from the beginning what we needed in terms of space to successfully establish our business in the Danbury area, and creatively negotiated with the landlord to get everything completed quickly and seamlessly. We are excited to open our doors and look forward to working with the superior brokers at Choyce Peterson in the future.”
Bill Ditullio, the owner of the building, represented himself during this transaction.
About Ivy Rehab
Founded in 2003, Ivy Rehab is a rapidly growing network of over 145 best-in-class outpatient physical and occupational therapy clinics in the Northeast (CT, NY, NY, PA) the Midwest (IL, IN, MI) and the Southeast (NC, SC, VA). The Ivy Rehab Network consists of multiple brands dedicated to providing exceptional care and personalized treatment to get patients feeling better, faster. With backing from leading middle-market private equity firm Waud Capital Partners, Ivy Rehab will continue to grow and further expand its U.S. footprint.
About Choyce Peterson
Choyce Peterson, Inc., a commercial real estate brokerage and consulting firm which specializes in tenant representation, was founded in 1997 and has offices in Norwalk, CT and Rye Brook, NY. For corporate and healthcare-focused companies headquartered in Fairfield and Westchester counties, Choyce Peterson has negotiated millions of square feet of transactions in 42 states and Canada. The Choyce Peterson process delivers comprehensive and creative real estate solutions to ensure clients derive maximum value from their real estate decisions.