Choyce Peterson, Inc. successfully negotiated the renewal of Lucerne Capital Management’s 2,700 square-foot headquarters at 73 Arch Street in Greenwich, CT. Principal John Hannigan represented Lucerne Capital in this transaction, securing favorable terms for the extension in a highly desirable location.
Lease Details
- Broker: John Hannigan, Choyce Peterson, Inc.
- Asset Class: Office
- Tenant: Lucerne Capital Management, LP
- Square Footage Leased: 2,700 SF
- Lease Terms: Flexible option periods and competitive rental rate for renewal
- Landlord: ATC LLC, represented by Claudia Leitenberger
73 Arch Street: Property Summary
This classic brick office building offers modern aesthetics, high-end finishes, and a layout tailored to professional tenants. Its prime position in central Greenwich, combined with private parking and easy access, makes it a sought-after destination for firms seeking both prestige and convenience.
- Address: 73 Arch Street, Greenwich, CT
- Building Type: Office
- Dedicated Private Parking Lot
- Proximity to Major Transit and Highways
Delivering Results: Lease Terms & Office Features
The lease renewal process was guided by a collaborative and strategic approach. After a review of comparable buildings, Lucerne Capital opted to negotiate a renewal due to the property’s superior finishes and ideal layout, with the focus on securing flexible options and favorable rental rates.
- Choyce Peterson’s John Hannigan leveraged his longstanding relationship with Lucerne Capital to deliver a tailored negotiation strategy.
- The process prioritized Lucerne Capital’s desire for continuity and economic advantage, ensuring that lease terms would support long-term business objectives.
- The successful outcome reinforces the importance of engaging a dedicated tenant broker, even for renewals.
Central Greenwich Overview
Located just steps from Greenwich Avenue, 73 Arch Street provides immediate access to a range of amenities and transit options. Tenants benefit from a vibrant downtown environment and exceptional connectivity.
- Greenwich Avenue (0.1 miles) – Upscale retail and fine dining are just steps away, offering convenience for employees and clients.
- Greenwich Metro-North Train Station (0.3 miles) – A short walk connects tenants to rapid rail service into Manhattan and throughout Connecticut.
- I-95 Exit 3 (0.2 miles) – Immediate highway access streamlines commuting and business travel.
This office location is near luxury boutiques, acclaimed restaurants, and essential services, making it an attractive choice for financial and professional firms. Proximity to the train station and highway strengthens its appeal for companies seeking both prestige and accessibility.
Nearby Restaurants
- Harvest Wine Bar & Restaurant – 372 Greenwich Ave: Upscale New American dishes in a sleek, sophisticated locale. Downstairs dining room available for private events.
- L’Escale – 500 Steamboat Rd: Elegant waterfront dining on its expansive terrace or indoors with its wood-burning fireplace, L’Escale offers the perfect place to enjoy Mediterranean-inspired dishes along with its Wine Spectator-awarded wine list.
- Mediterraneo – 366 Greenwich Ave: Casual dining establishment featuring a vibrant atmosphere with its bright dining room, signature brick pizza oven, and inviting outdoor seating. Located on the iconic Greenwich Avenue, it’s the perfect spot for people-watching while savoring house-made pasta, wood-fired pizzas, and distinctive seafood specialties.
Nearby Hotels
- Delamar Greenwich Harbor – 500 Steamboat Rd, Greenwich: This hotel’s timeless European Revival architecture and prime waterfront location have made it a premier destination for discerning travelers visiting Greenwich since it was reimagined in 2000. It offers thoughtfully appointed guest rooms, a dazzling ballroom, and an expansive waterfront terrace with an onsite award-winning restaurant.
- Hyatt Regency Greenwich – 1800 E Putnam Ave, Old Greenwich: Offers luxurious rooms with sophisticated decor, a signature central atrium, full-service spa, and notable conference facilities. In late 2024, the hotel completed a nearly $40 million renovation that included updated guest rooms, reconfigured common spaces, new athletic equipment and new dining facilities.
- J House Greenwich – 1114 E Putnam Ave, Riverside: Boutique hotel offering high-tech guest rooms, world-class dining, exquisite banquet rooms and suites, an award-winning spa and personalized service for both business and leisure travelers.
Conclusion
The renewal of Lucerne Capital Management’s lease at 73 Arch Street underscores the enduring value of a well-located, thoughtfully designed office space. The transaction supports Lucerne Capital’s ongoing business goals while maintaining leasing momentum in one of Greenwich’s most competitive office markets.
Client Testimonial
“We were glad to seek John’s trusted guidance for our lease negotiations again. His professional demeanor and keen market insight were invaluable to the process. We’re excited to continue our tenancy in a building and space that fits our needs perfectly.” — Patrick Moroney, Chief Operating Officer, Lucerne Capital Management
FAQ’s
What is the history of this office space?
The building at 73 Arch Street has served as Lucerne Capital Management’s headquarters since 2020 and features high-end finishes and a modern layout.
What features stood out to the tenant?
Lucerne Capital valued the office’s modern aesthetic, high-end finishes, and functional layout, all within a classic brick exterior.
Why is this a strong location for office tenants?
The property’s proximity to Greenwich Avenue, the Metro-North train station, and I-95 provides unmatched convenience for both employees and clients.
Were any incentives or buildouts part of the lease?
The renewed lease included flexible option periods and a competitive rental rate tailored to Lucerne Capital’s needs.
What type of business occupies the space?
The space is the headquarters for Lucerne Capital Management, a prominent investment firm.
