Choyce Peterson, Inc. has negotiated a new, 12,200 s/f lease for O'Shaughnessy Asset Management LLC at Six Suburban Ave. O'Shaughnessy Asset Management, founded by a team of former Bear Stearns Asset Management executives including quantitative equity luminary and firm CEO James O'Shaughnessy, began managing about $6 billion in assets out of its new headquarters on October 1. Jeffrey Williams and Steve Lash of Choyce Peterson, represented O'Shaughnessy Asset Management in its search and lease negotiation.
Six Suburban Ave., a neo-Federal style brick structure listed on the National Register of Historic Places in 1991, was built in 1914 as a clubhouse of the Suburban Club. The Club closed its doors in 1935 and remained vacant for six years until it was leased and subsequently purchased by the White Tower Management Corporation, a family company in the forefront of the fast food business. The company (later renamed Tombrock Corporation) began a significant restoration of the facility in 1984.
The current owner, Detlef Stroeh of Germany, has continued to invest in updating the structure. His firm, Tischler und Sohn (USA) Ltd., occupies the third floor at Six Suburban Ave. O'Shaughnessy Asset Management has leased the first two floors, along with the majority of space in the basement.
Steve Baker, Kevin Foley and Torey Walsh of Cushman & Wakefield represented the landlord in the negotiation.