Choyce Peterson Negotiates an Office Space Relocation for Tully Capital Partners LLC in Stamford, CT

Choyce Peterson, Inc. (, a commercial real estate brokerage and consulting firm which specializes in representing tenants, announced the successful completion of lease negotiations for Tully Capital Partners LLC at 2777 Summer Street in Stamford, CT.  Principal John Hannigan represented Tully Capital in their lease negotiations.

David Genovese of Baywater Properties, the new landlord of 2777 Summer Street, contacted Tim Tully, Managing Partner of Tully Capital Partners, to offer a relocation within a different suite in the building.  It is often the case with leases of 5,000 square feet or less that the landlord has a right to relocate the tenant within the building if the space is needed by a larger tenant.  As Choyce Peterson had previously represented Tully Capital in its relocation to 2777 Summer Street, Tully once again called Hannigan for advice and counsel in negotiating with his new landlord, and quickly determined that it would be best to appoint Hannigan to represent Tully Capital.  After touring several available suites within the building, Hannigan led the negotiation which culminated in a 1,528 square foot lease for the corner suite on the top floor of the building. Lease terms included free rent, favorable rental rates, and a turnkey installation funded and provided by the landlord.

As Hannigan states, “When a tenant signs a new lease or renewal amendment, they are making a five to ten year commitment that can have positive or negative ramifications on their business for years to come,and which obligates them to pay large sums of money.  These transactions certainly warrant professional representation on their side of the table.”  As Tim Tully stated, “As Choyce Peterson solely works on the tenant side of the transaction, we knew they would be looking out for our best interests.  Not only did we end up with a premier corner space on the top floor of the building, John negotiated lease terms that were very favorable to us.”