Choyce Peterson Negotiates a 24,000 Square Foot Headquarters Lease for Cara Therapeutics, Inc. in Stamford, CT
July 6, 2016
Choyce Peterson announced today that it has successfully concluded a 24,000 square foot office lease on behalf of Cara Therapeutics, Inc. (“Cara”) (www.caratherapeutics.com) for its headquarters to relocate to 107 Elm Street in Stamford, CT. John Hannigan, Principal, and Adam Cognetta, Vice President, of Choyce Peterson represented Cara, who moved to the new space in May from One Parrot Drive in Shelton,CT. The landlord, RFR Realty LLC, was represented in-house in the transaction by Margaret Carlson, Portfolio Manager, Steve Lash, Leasing Director and Ed Wissell, Property Manager/Construction.Publically traded since 2014, Cara,a biotechnology company focused on the development and commercialization of pain therapeutics, appointed Choyce Peterson as its exclusive tenant representative to handle the search for a new headquarters and the negotiation of the financial and business terms of a new lease.
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