Norwalk, CT – Choyce Peterson, Inc. (www.choycepeterson.com) a commercial real estate brokerage and consulting firm which specializes in tenant representation, announced the successful completion of lease negotiations for COMET Technologies USA, Inc. (www.comet-group.com) at 100 Trap Falls Road Extension in Shelton, CT. Principals John Hannigan and Alan Peterson represented COMET Technologies, who recently relocated from 76 Progress Drive in Stamford,CT.
Choyce Peterson had handled several previous renewals for COMET at their Stamford location, providing COMET with a trusted resource to call upon when they had outgrown their existing space and desired an upgraded building. Hannigan knew this would not be an easy search, as it is difficult to find Class A Flex space (part office, part light assembly/warehouse & Applications laboratory) in the Fairfield County area. As Hannigan stated, “We led COMET on an extensive search for a building that could accommodate Class A office space contiguous to a high-ceilinged light assembly area with a loading dock. We toured buildings throughout Stamford, Norwalk, Shelton, Stratford, Trumbull, Newtown, Bethel, Wilton, Orange, Milford and Monroe.”
During proposal negotiations with several prospective landlords, Choyce Peterson became aware that 100 Trap Falls Road Extension was under contract for sale and encouraged COMET to tour the building and learn about the renovations planned by the new landlord. As Jeremy Simon, General Manager - Americasat COMET Technologies stated, “We were one of the first tenants to tour this building with the new prospective owner, who was very willing to work with us on redesigning a new exterior glass corner entry and lobby.”
To plan this new space, oversee the legal terms, construct the interior space exactly to COMET’s specific layout, and execute the move, Hannigan added an architect, lawyer, and construction and project management firms to the team representing COMET. As per Simon, “The new space is a perfect fit for our office, laboratory and light assembly needs. Not only did Choyce Peterson do an excellent job in the search for new space and negotiating the terms of our new lease, but they managed the various players on the team very professionally and coordinated the numerous steps involved in this complicated move flawlessly. Overall, we were very impressed with Choyce Peterson’s performance.”
Sean Cahill, who was with CBRE at the time of the transaction, represented the landlord Cambridge Hanover LP in the transaction.
About COMET Technologies USA,Inc.
COMET Technologies is the US Subsidiary for the COMET Group.
The COMET Group based in Switzerland is a leading global provider of high-quality systems, components and services in x-ray, ebeam and RF technologies. With high-quality components, systems and services, the Group helps its customers worldwide maximize the quality, reliability and efficiency of their products and processes.
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 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.