- Rechler Equity Partners
, Long Island's largest commercial real estate company, hosted a reception at Southampton's Parrish Art Museum
Thursday evening, February 16, to formerly introduce the East End real estate community to leasing opportunities available at the Hampton Business District
The 50-acre business and technology center was awarded to Rechler Equity
by Suffolk County in 2009 and is scheduled to break ground later this year.
Mitchell Rechler (Rechler Equity Partners) and Arlene Reckson (The Corcoran Group). (Eileen Casey)
According to Gregg Rechler
, "We are very excited about this and have plans underway for a 32,000 square foot building and a 60,000 square foot building."
At the event, Rechler Equity Partners
Director of Tenant and Community Development Ellen Cea
thanked the brokers for attending and provided an overview of the ambitious Hampton Business District.
"This will be the East End's first and only Class A, multi-use business park," Cea explained. "It is being designed to accommodate a wide range of businesses and users of all sizes, from manufacturing and R&D to biotech, medical, the culinary arts, showrooms for building-related trades, and state-of-the-art office space for professional firms serving the Hamptons. All of this will be in a spectacular setting right within Gabreski Airport that will include a full-service, 145-room hotel and even a day care center. The Hampton Business District will offer everything a business needs to flourish - just minutes from the beaches, restaurants, homes, and cultural and recreational attractions that make the Hamptons such a desired location."
Tim Davis (The Corcoran Group) and David Winzelberg (Long Island Business News). (Eileen Casey)
Buildings at the Hampton Business District will combine traditional materials with modern forms to create a new approach to industrial architecture that will be unique to the area. Totaling 440,000 square feet in seven buildings, available space at the park will range from 2,000 square feet up to 250,000 square feet. Zoned for general commercial use, the Hampton Business District will offer the latest in sustainable design and green technology and also feature outdoor recreational space for companies and their employees. Businesses locating there will be eligible for favorable tax benefits from the Suffolk County IDA and the NYS Excelsior Program. More information is available at www.hamptonbusinessdistrict.com
The event held at the Parrish Art Museum brought out both commercial and residential realtors, as well as artichitects, designers and guests who gathered to show their support for this undertaking, and to also inform themselves as to the plans Rechler Equity
has in place.
The Parrish function room was decorated with banners surrounding the room displaying information about Rechler Equity
, while a large screen also displayed the accomplishments of the company.
Brokers from Prudential Douglas Elliman
, Town & Country
, The Corcoran Group
, and others, as well as officers and members of the Westhampton Beach Chamber of Commerce, toasted the possibilities while catching up with old friends, and making new ones.
With tasty treats, an open bar, and a raffle, as well as a wonderful "networking" evening, all guests appeared to be having a great time, while welcoming Rechler Equity
to the 'hood.
About Rechler Equity Partners
John Phillips (Town & Country), Francie Gabreski Phillips, Harry Stavro (Rechler Equity Partners), Nancy McGann, Lenore Tobin and Patrick Galway (all with various local Town & Country offices) are all smiles at Thursday's event. (Eileen Casey)
Developing Long Island for over 50 years, Rechler Equity Partners is the largest owner of commercial real estate with a portfolio of assets totaling over six million square feet. Rechler Equity offers a wide range of services including leasing, property management, asset management, architecture,construction, environmental, finance and development.
For more information, click here.
Eileen Casey spent many years working in the television and music industries in New York City on the "ABC In Concert" weekly series, as well as several prime time network and cable television specials. An award-winning journalist, editor, and artist, and former Editor-in-Chief of Hamptons.com, she enjoys staying warm in Charleston and cool in the Hamptons.