Choyce Peterson Negotiates New Stamford Office Space for Top International Specialty Foods Company, PBI

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Choyce Peterson, Inc. (http://www.choycepeterson.com), a commercial real estate brokerage and consulting firm, today announced the successful conclusion of negotiations for new office space on behalf of PBI (Preferred Brands International), an international manufacturer and marketer of convenience specialty foods under the brand name Tasty Bite (http://www.tastybite.com).

Tasty Bite Ranked #1 in Prepared Indian Food and #3 in Prepared Pan-Asian Food

Choyce Peterson, Inc. (http://www.choycepeterson.com), a commercial real estate brokerage and consulting firm, today announced the successful conclusion of negotiations for new office space on behalf of PBI (Preferred Brands International), an international manufacturer and marketer of convenience specialty foods under the brand name Tasty Bite (http://www.tastybite.com). The space at 3 Landmark Square in Stamford totals 5,765 square feet; John Hannigan was the broker for Choyce Peterson.

Tasty Bite was searching for a well-located building with class A amenities. Choyce Peterson presented and toured 10 unique buildings with their client throughout Stamford until they expressed satisfaction with Landmark Square, a seven-building office and retail complex with a fitness center, cafeteria and building conference room. Other amenities include valet parking, a concierge, private shuttle to the train station and direct connection to the Stamford Town Center mall.

John Hannigan, Principal of Choyce Peterson, said, “Our overriding concern and ultimate goal always involves satisfying our clients by delivering bottom-line results. We understand the unique needs of finding a new corporate headquarters and the myriad criteria to evaluate in the process. By keenly listening to our clients and using our professional experience, we help them develop a short-list of buildings. Subsequently, we negotiate up to two dozen business points to narrow the options to two alternatives. This comprehensive approach ensures our clients will select the space best suited to their needs and feel confident about the result.”

Ashok Vasudevan, Chief Executive of Preferred Brands, said, “Our organization came to Choyce Peterson based on a relationship cultivated at The CEO Roundtable (http://www.theceoroundtable.com), a selective organization for top executives. We were thrilled with the results. Choyce Peterson demonstrated flexibility, knowledge of related service providers, and concern for our needs instead of promoting specific sites. Most important, they possessed the core features critical for any organization: experience, integrity, effort and intelligence.”

The new office space will be used as a company headquarters supporting 20 local staff and 130 other employees throughout the United States, India and Australia. Preferred Brands is currently ranked #1 in prepared Indian specialty foods and #3 in prepared pan-Asian specialty foods. Founded in 1995, it offers 39 convenience foods, available in every State in the U.S. and in most major grocery chains.    

Larry Kwait, Senior Vice President of SL Green Realty Corp., the landlord of 3 Landmark Square, represented SL Green in the transaction.

For more information, please call 203-356-9600; or write Choyce Peterson, 2001 West Main Street, Stamford, CT 06902. For commercial real estate advice and market updates, visit Choyce Peterson’s blog, Space is Money, at http://www.choycepeterson.com/blog.

About Choyce Peterson

Choyce Peterson, Inc., a corporate real estate brokerage firm focused on tenant representation, was founded by John P. Hannigan and Alan R. Peterson in 1997. With a combined 50+ years of experience representing Fairfield and Westchester County-based tenants, both on a local and national level, they understand the complex process involved in leasing office space. Company services include evaluating existing space, buildings and leases; understanding a company’s “true” space requirements; offering viable alternatives to a renewal; and determining the extent and use of leverage in negotiations. Ultimately, Choyce Peterson strives to deliver bottom-line results by negotiating the best lease terms and conditions possible in the current market.

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