Association for a Better Long Island and the Commercial Industrial Broker Society of Long Island recently awarded Rechler Equity
Partners, the largest owner of commercial real estate on Long Island, with the prestigious Real Estate Developer of the Year award in recognition of 220 Roger's Way at the Hampton Business District
, a business and technology center situated on 50 acres that offers 440,000 square feet within nine different buildings to accommodate both small and large businesses.
"It's an honor to be named Developer of the Year and to be recognized for the hard work our company has put into developing 220 Roger's Way at the Hampton Business District," shared Mitchell Rechler
, Managing Partner of Rechler Equity Partners. "Developers across Long Island are working on many magnificent projects, but winning this award demonstrates that we have truly created something special."
220 Roger's Way is the inaugural Hampton Business District building. Located in Westhampton Beach, the 60,000 square-foot, state-of-the-art showroom and warehouse space was built with modern form using traditional materials that showcase the latest sustainable design and green technology. It is the first of nine planned buildings that will make up the 440,000 square-foot Hampton Business District.
"We spent years working with Suffolk County, local governments and advisory boards in order to clear the path for 220 Roger's Way," explained Gregg Rechler
, Managing Partner of Rechler Equity Partners. "Winning this award is extremely gratifying because of our company's passion to see this project succeed and spur economic growth on Long Island's East End."
On September 22, 2014, AC Lighting & Electric signed on to be the first occupants of 220 Roger's Way. They agreed to make the move to the Hampton Business District, the East End's first and only Class A Business Park, before any construction had even begun. Air conditioning manufacturer Carrier Enterprise followed suit the next year, and in August 2015, Tate's Bake Shop
signed a 37,141 square-foot lease for office, warehouse and distribution space. With the addition of Tate's, who occupies nearly 62 percent of the building, 85 percent of 220 Roger's Way was populated within the first 8 months of completion.
In the spring of 2016, Rechler Equity Partners plans to start construction of 200 Roger's Way, a 68,774 square-foot, state-of-the-art, Class A showroom, office, warehouse and distribution facility. Once that site is completed, Rechler Equity Partners will begin work on 215 Roger's Way, a 23,089 square-feet building that will include office and medical space.
For more information, visit www.hamptonbusinessdistrict.com.
Nicole is the Editor-in-Chief of Hamptons.com where she focuses on lifestyle, nightlife, and mixology. She grew up in the Hamptons and currently resides in Water Mill. www.hamptons.com