GREENWICH – Lucerne Capital Management has renewed its lease for 2,700-square-foot headquarters at 73 Arch St., according to Norwalk-based real estate broker Choyce Peterson Inc.
The international hedge fund will stay at the headquarters it has called home since 2000, when it originally moved there. Choyce Peterson Principal John Hannigan represented Lucerne Capital in the transaction as well as the original lease. The landlord, ATC LLC, was represented by its Executive Director Claudia Leitenberger.
Lucerne Capital COO Patrick Moroney reached out to Hannigan when their lease in this building was nearing expiration. After reviewing comparative buildings, Moroney directed Hannigan to negotiate favorable terms for a renewal of Lucerne Capital’s existing office space.
Hannigan commenced negotiations focusing on flexible option periods and a competitive rental rate for the duration of their extended lease.
“Once again, I enjoyed working with Patrick on Lucerne Capital’s headquarters lease,” Hannigan said. “Even given a situation where a company wants to remain in place and extend their lease, it is always important to appoint a dedicated tenant broker to negotiate the best financial terms for a renewal.
“In the end, we succeeded in achieving results that support Lucerne Capital’s business and economic goals.”
Moroney said he was excited to continue tenancy in the Arch Street office space.
“We were glad to seek John’s trusted guidance for our lease negotiations again,” he said. “His professional demeanor and keen market insight were invaluable to the process.”
Lucerne Capital Management specializes in fundamental, bottom-up stock selection with a focus on Continental European markets.
