Arrowhead Mezzanine provided a very specific set of needs, and we toured the Greenwich market extensively, negotiating proposals on several buildings simultaneously. We were extremely pleased, once we identified the ideal spot, to pursue it resolutely and successfully conclude negotiations for Arrowhead.
Stamford, CT (PRWEB) May 26, 2010
Choyce Peterson, Inc. (http://www.choycepeterson.com), a commercial real estate brokerage and consulting firm, today announced the completion of lease negotiations on behalf of Arrowhead Mezzanine (http://www.arrowmezz.com), an alternative asset manager of private equity funds, who relocated from New York City to a new headquarters of 3,825 square feet at 55 Railroad Avenue in Greenwich.
Negotiations originally commenced with the sub-sub-landlord for a short-term sub-sublease and were expanded to include the sublandlord for a longer term arrangement. Choyce Peterson handled complex negotiations and coordination among all parties including a support team they selected for the tenant.
Mr. Hannigan, Principal of Choyce Peterson, commented, "Arrowhead Mezzanine provided a very specific set of needs, and we toured the Greenwich market extensively, negotiating proposals on several buildings simultaneously. We were extremely pleased, once we identified the ideal spot, to pursue it resolutely and successfully conclude negotiations for Arrowhead."
Mr. Hannigan went on to describe the process in more detail. Choyce Peterson recommended an architect, construction firm and real estate attorney who were active participants on behalf of the tenant. In addition, negotiations among those parties, who needed to stay in close contact with Arrowhead to convey changing offers, were complicated by multiple contacts on the opposing side: the sub-sublandlord, sublandlord and landlord, each with their own agenda and priorities.
The client's requirements included a building within walking distance of Greenwich train station, high-end office space with a customized build out, top-rate management and 24-hour security.
Phillip Krall, Managing Partner of Arrowhead Mezzanine, noted, "We retained Choyce Peterson after a strong personal recommendation and were thrilled with the level of attention we received from our initial consultation to the closing. After an exhausting search, we especially appreciated their stick-to-itiveness in the arduous process to close the final deal."
Arrowhead will support 12 financial managers at its new location and will focus on managing blue-chip funds for market investors. The firm also tracks top performing groups in mezzanine securities.
For more information, please call 203-356-9600, or write Choyce Peterson, 2001 West Main Street, Stamford, CT 06902.
About Arrowhead Mezzanine
Arrowhead Mezzanine provides capital in the form of subordinated debt, preferred stock and non-control common equity. It is currently investing out of its second fund, a $479 million pool of committed capital dedicated to identifying attractive mezzanine opportunities for its investors. Well-respected institutional investors, including public pension funds, insurance companies and endowments, have committed capital to funds controlled by Arrowhead. The company invests alongside private equity sponsors in acquisitions, buyouts, recapitalizations and growth capital transactions. Although Arrowhead may invest in many industries, it prefers to focus on investments in consumer products, industrial manufacturing, value-added distribution and business services.
About Choyce Peterson
Choyce Peterson, Inc., a commercial real estate brokerage and consulting firm, was founded in 1997 and includes offices in Stamford, CT and Rye Brook, NY. The company has negotiated millions of square feet of transactions spanning 42 states and Canada, primarily for clients based in Fairfield and Westchester County. The Choyce Peterson process delivers creative and comprehensive real estate solutions to help clients derive maximum value from their real estate decisions.
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