Forum Group Connecticut (FGC) has renewed and expanded its office lease at 3 Pine Street in Norwalk, CT, marking a significant milestone in their continued growth within Fairfield County. Represented by Choyce Peterson, Inc., with Vice President Charlene O’Connell leading negotiations, this deal underscores the strategic partnership between tenant and broker in securing the ideal workspace for a thriving business.
Lease Details
This renewal and expansion transaction was the result of a thoughtful, market-driven process tailored to FGC’s evolving needs. Choyce Peterson, Inc. provided comprehensive brokerage and consulting services, ensuring that Forum Group could secure the entire building to accommodate their growth.
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- Broker: Charlene O’Connell, Choyce Peterson, Inc.
- Asset Class: Office
- Tenant: Forum Group Connecticut (FGC)
- Square Footage Leased: 2,800 SF
- Lease Terms: Renewal and expansion; included free rent and a landlord-funded buildout/modification
3 Pine Street: Property Summary
3 Pine Street presents a unique office opportunity in South Norwalk, offering a distinctive industrial chic atmosphere that appeals to modern businesses. The building’s architecture and location provided the perfect backdrop for FGC’s expansion and ongoing success.
- Address: 3 Pine Street, Norwalk, CT
- Building Type: Office
- Landlord/Owner: M.F. DiScala & Company, Inc.
Leasing Strategy & Execution
The leasing process began with a comprehensive survey of the South Norwalk market, seeking spaces with the right blend of character and convenience for FGC’s needs. Choyce Peterson’s team toured numerous properties with FGC and evaluated proposals with the FCG team, ultimately determining that expanding within 3 Pine Street offered unmatched continuity and value.
Negotiations were structured to secure favorable terms, including a period of free rent and a landlord-funded buildout to customize the space for FGC’s growing team. This collaborative approach resulted in a tailored solution that balanced tenant requirements and landlord interests.
South Norwalk Neighborhood Overview
Located in the vibrant South Norwalk area, 3 Pine Street places tenants at the heart of a dynamic business community. The property offers immediate access to a variety of amenities and transportation options, making it an attractive destination for top talent and clients alike.
- SONO Collection – 100 N Water St (0.3 miles): A major shopping mall featuring luxury retail, dining, and entertainment options.
- South Norwalk Train Station – 1 Railroad Pl (0.5 miles): Provides convenient Metro-North access to New York City and surrounding areas.
- The Maritime Aquarium – 10 N Water St (0.6 miles): A cornerstone attraction drawing regional visitors and enhancing the area’s profile.
This office space is surrounded by an eclectic mix of restaurants, coffee shops, and boutique retail establishments, fostering a vibrant work environment. With proximity to I-95 and the Metro-North train station, employees and visitors benefit from seamless connectivity throughout Fairfield County and beyond.
Restaurants in South Norwalk
- MaaMa Café – 132A Washington St: European-inspired coffee house serving French and Italian coffee-based beverages, decadent pastries, panini sandwiches and fresh salads.
- Match – 98 Washington St: This local favorite serves up American cuisine and is renowned for its vibrant atmosphere and creative menu.
- Washington Prime – 141 Washington St: This upscale eatery offers a cozy dining experience with phenomenal food and impeccable service.
Nearby Hotels
- Residence Inn Norwalk– 45 South Main St: Centrally located in downtown Norwalk, this is the ideal place to stay and explore restaurants along Washington Street and the Maritime Aquarium, both walking distance of the hotel.
- Extended Stay America – Norwalk – Stamford – 400 Main Ave: Ideal hotel with the perfect location off the Merritt Parkway for business travelers, students, tourists and those relocating to the Norwalk, CT area who need to find a home away from home for several nights, a week, a month or even longer.
- The Watershed – 353 Main Ave: Boutique riverfront hotel with newly redesigned guest rooms and an expansive rooftop terrace.
Conclusion
Forum Group Connecticut’s lease renewal and expansion at 3 Pine Street is a testament to their dynamic growth and commitment to South Norwalk. This successful transaction not only secures a long-term home for FGC but also highlights the expertise of Choyce Peterson in delivering creative, client-focused solutions in a competitive office market.
Client Testimonial
“Charlene worked very diligently to show me all relevant buildings in the South Norwalk neighborhood that could accommodate our continued expansion. I’m thrilled with the creative solution we found where we can stay in the same architecturally interesting building that we love and support our continued growth. — Jason Witty, Managing Partner, Forum Group Connecticut
FAQ’s
What is the history of this office space?
3 Pine Street has served as a distinctive, architecturally interesting office building in South Norwalk, providing a unique setting for creative and professional tenants.
What features stood out to the tenant?
FGC was drawn to the building’s industrial chic design, proximity to transit and amenities, and the ability to customize the space for their expanding team.
Why is this a strong location for office tenants?
South Norwalk offers immediate access to restaurants, shopping, I-95, and the Metro-North train, making it highly accessible and attractive for both employees and clients.
Were any incentives or buildouts part of the lease?
Yes — the lease included a period of free rent and a landlord-funded buildout to modify the space for Forum Group’s needs.
What type of business moved into the space?
Forum Group Connecticut, a growing professional services firm, expanded its presence in the building to support its ongoing business growth.
