Success Systems, Inc. Signs Direct Deal for Headquarters Lease at 383 Main Ave, Norwalk, CT Choyce Peterson Negotiates 5,649 SF Transaction
NORWALK, CT – Choyce Peterson, Inc. (www.choycepeterson.com), a full-service commercial real estate brokerage firm, announced the successful conclusion of lease negotiations on behalf of Success Systems, Inc. (www.success-systems.com) for a 5,649 square foot (SF) office at MerrittView, 383 Main Avenue in Norwalk, CT. Choyce Peterson Principal John Hannigan represented Success Systems in this transaction.
Hannigan handled Success Systems’ lease negotiations when they relocated from Stamford to 200 Connecticut Avenue in Norwalk in 2015, and then again in 2021 when they moved to 383 Main Avenue into a subleased office space which had an existing layout conducive to their space needs and included furniture. Months before Success Systems’ current lease expiration, they called upon Hannigan once again to handle their office space lease negotiation. Hannigan provided market research of the greater Norwalk office market. After studying the availabilities, Success Systems concluded that remaining in their current space at 383 Main Avenue was the optimal choice due to the existing space layout and the building’s ideal location and amenities. Hannigan then negotiated a direct deal with the landlord, now that the sublease term was expiring. New lease terms included free rent, a competitive rental rate, and landlord-funded tenant improvements.
Hannigan commented, “It’s always a privilege to work with a repeat client such as Success Systems. We’re pleased that they’ve enjoyed their tenancy in the MerrittView building. Negotiating a direct deal with the landlord was an ideal solution for them, which culminated in favorable economic terms including free rent and tenant improvement funds to refurbish their space. Coupled with two other transactions, we’re proud to report that we completed over 35,700 SF of leases at 383 Main Avenue over the past 15 months.”
The Success Systems team concluded, “Many thanks to John for his continued keen insight and negotiation skills as he finalized lease terms and guided us through the process of signing a direct lease with our landlord. We are excited to continue our tenancy in this noteworthy building in a well-traveled corridor.”
The landlord, GLIC Real Estate Holding, LLC, was represented by Executive Vice President Tom Pajolek and Senior Vice President Ned Burns of CBRE in this transaction.
About Success Systems, Inc.
Success Systems is the most recommended supplier of cloud-based, turnkey store automation solutions for independent convenience, grocery, petroleum, tobacco and liquor retail outlets. Reflecting more than 36 years of field-tested experience, our offerings are designed to help customers optimize every aspect of their operations and achieve measurable results.
About Choyce Peterson
Choyce Peterson, Inc., a full service commercial real estate brokerage firm with offices in Norwalk, CT and Rye Brook, NY, was founded in 1997 and 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.