Norwalk, CT April 24, 2019 – Choyce Peterson, Inc. (www.choycepeterson.com), a commercial real estate brokerage and consulting firm which specializes in tenant representation, announced the successful completion of negotiations for a new lease on behalf of a consortium of lawyers (“Greenwich Attorneys”) for 2,200 square feet of space at 1037 East Putnam Avenue in Riverside, CT. Adam Cognetta, Vice President, represented the Greenwich Attorneys in the transaction.
Morris Barocas, Michelle Lee Beltrano and Ella Cohen had separately established law practice interests in lower Fairfield County, but felt they could further enhance their respective businesses by combining the individual needs for space collectively. This would allow them to lease a larger, nicely-appointed office for them and their staff, and increase the irrespective businesses with referrals from their complementary legal practices. Barocas has a focus on real estate law and met Cognetta through a referral from a mutual contact in the industry. With a need identified, Cognetta immediately set to work searching the Greenwich area for Class A and B buildings that could accommodate three businesses in one, addressing different client and access needs. Cognetta prioritized properties that were centrally located with easy highway access and handicap accessibility. The Greenwich Attorneys all agreed that the space offered at 1037 East Putnam Avenue presented the best scenario for them with its convenience to I-95, signage along Route 1 and ample parking.
Cognetta then went to work negotiating a lease complete with built-in renewal options, including landlord-funded improvements and office reconfigurations. Cognetta negotiated the timing of planned base building improvements and site work to coincide with the attorneys’ move-in date. This included paving the driveway and parking area, and lobby renovations. Free rent and an aggressive rental rate were also an integral part of the deal.
As Barocas stated, “Adam was very patient and tactful in his negotiations, both in complying with the needs of three attorneys with three distinct practices, as well as understanding ownership’s motivations. He showed unwavering responsiveness and professionalism, helping us to keep on task as we surveyed the market. Ultimately, Adam creatively incorporated lease concessions and renewal options into a fair agreement. We strongly believe our new office space will help each of us to grow our respective practices and we look forward to further establishing our names in Greenwich.
Moreover, we would recommend Adam without hesitation to any professional thinking of renewing their lease or relocating in the area.”
Diane Roth, Senior Sales Executive of Allied Property Group, represented the landlord, Sutton Land LLC in this transaction.
About Greenwich Attorneys
The Barocas Law Firm is a corporate, real estate,and trust and estate law firm with offices in New Canaan and Greenwich, Connecticut. The firm’s strong focus on client service and single-minded commitment to excellence creates long-term relationships with corporations,institutions, and individuals that look to our attorneys for legal advice, as well as innovative and practical solutions for both everyday and complex matters. The firm guides companies and individuals as they fully realize their business,trust, and real estate goals.
Beltrano Law is a boutique firm offering personalized, concierge-style services in Trusts & Estates, Elder Law, Special Needs, and Probate Litigation matters to individuals, families and business owners. From complex estate planning to elder law issues and probate matters, the firm provides tailored solutions to meet each client’s needs and achieve their goals.
Cohen Legal Practice is a full-service boutique financial services and asset management law firm, offering industry knowledge, deep-rooted legal expertise and a practical approach to helping clients meet their needs. With over twenty years’ experience, Cohen Legal Practice provides legal services in all aspects of financial services, private funds and asset management.
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.