Stamford, CT (PRWEB) April 20, 2010

Choyce Peterson, Inc. (http://www.choycepeterson.com), a commercial real estate brokerage and consulting firm, today announced the completion of lease negotiations for WTP Advisors (http://www.wtpadvisors.com), a tax and business services firm focused on complex quantitative solutions. The renewal more than tripled the company’s headquarters to 11,765 square feet at White Plains Plaza, One North Broadway, White Plains, NY.

WTP Advisors chose Choyce Peterson as a commercial real estate broker for the third time since 2008 when they concluded an initial lease at the same location for 2,192 square feet. This time, Choyce Peterson negotiated an expansion of more than 7,900 square feet and a lease extension of their existing 3,800 square feet thanks to John Hannigan, Principal of the company and lead broker on all three occasions.

Mr. Hannigan commented, “We are pleased to see WTP Advisors’ steady growth, and I am personally honored by their continuing confidence in our firm. We urge our expanding clients to consider expansion within their building as a viable option for business continuity, employee satisfaction and preferred location.”

Mr. Hannigan went on to note numerous economic benefits based on WTP’s status as an existing tenant tripling its office size, including a staged expansion to meet WTP’s growing needs as they arise, as well as continued use of a shuttle to the train station and amenities such as

a brand new lobby, a shared conference room and a popular ground-floor retail, Panera Bread.

Michael Minihan, Partner of WTP Advisors, elaborated, “We run a specialized tax and business advisory firm servicing a growing corporate niche and were especially pleased to expand within our current building. By doing so, we retained all our employees by keeping the same commute, preserved a landlord we knew and liked, and are now able to accommodate our future expansion. Choyce Peterson was invaluable in recommending and executing this course of action.”

WTP currently supports 30 people in its White Plains headquarters. Its landlord, Heyman Properties, was represented by Larry Ruggieri and Glenn Walsh of Cushman & Wakefield.

For more information, please call 203-356-9600; or write Choyce Peterson, 2001 West Main Street, Stamford, CT 06902.

About WTP Advisors

Founded in 2005, WTP Advisors, formerly “Worldwide Trade Partners,” offers turnkey tax and business services that arm businesses with the information they need in order to operate at peak efficiency and profitability. Our unique, powerful blend of people, process and technology provides a wide range of benefits for international and domestic businesses. WTP’s tax services include manufacturing and export incentives, foreign tax credit-related calculations, international tax compliance and tax provision calculations. WTP’s business advisory services include data analysis, strategy and change management, operations excellence, strategic sourcing and procurement, product development and process re-engineering.

About White Plains Plaza

White Plains Plaza is a 712,000 sq. ft. office and retail complex located in the heart of downtown White Plains. In 2004, Heyman Properties purchased the complex and have since completed major renovations to include a multi-million dollar renovation to the lobby of One North Broadway. In addition to the recent expansion of Worldwide Trade Partners, White Plains Plaza houses such prestigious office Tenants as Jackson Lewis, Keane & Beane P.C., Cuddy & Feder, LLP and Greenberg Traurig, LLP. The complex offers excellent access to many shops and restaurants in the downtown area and is within minutes away from the White Plains Transportation Center and major highways and parkways that surround White Plains.

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 counties. 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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What are the Other Rental Strategies?

Apart from the previously stated rental strategy, there are other different rental approaches as well. They can even generate more income. Unfortunately, it also carries larger risks with the property being vacant for a long time. A solution to this problem is to try short-term lease on rental homes. It should be tailored to corporate clients that are in need of a place to stay for the meantime.

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A major driver in the property rental market of the United States of America is connected with family relocation due to work location changes. In order to advance in the company, some employees may have to more to a different location for a period of time. Also, they may be assigned to a short-term project on a certain location. More and more employees are being engaged by companies to these types of short-term or temporary projects. Rental property owners should take note of these factors.

Being the owner of the property, you should also be flexible about a tenant’s lease duration to be able to profit into this market. The reason is that usually employees rent a property first before deciding to avail of home ownership. In exchange for the flexible terms, you may have the capacity to charge a higher rent as it is only a short-term lease. Since living accommodations are often subsidized by the company, employees do consider this type of arrangement.

To sum it up, rental strategies can assist the property owner to gain a profitable income. What is important is that there should be someone to guide you in this process of tax deeds and tax lien certificates purchasing. In that way, you will avoid problems and your investment will be secured.

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