Rechler Equity Secures $120M for Long Island Business Park

July 16, 2025

Finance Featured Industrial News More Northeast

Amazon is among the property’s tenants.

Rechler Equity Partners has received a $120 million loan to refinance Hampton Business District, a five-building, 50-acre, master-planned business park with 385,000 square feet of Class A+ logistics space in Westhampton Beach, N.Y.

Hampton Business District in Westhampton Beach, Long Island — Building at Hampton Business District, a 385,002-square-foot business park in Westhampton Beach, N.Y., owned by Rechler Equity Partners. JLL Capital Markets arranged a $120 million loan to refinance the property. Image courtesy of JLL

The business park is currently 94 percent leased to 24 tenants including Iron Mountain, United Refrigeration Solutions and a leading e-commerce company identified as Amazon by the Commercial Observer. Amazon opened the 91,000-square-foot last-mile distribution center at 245 Roger’s Way in 2022, CO reported.

AllianceBernstein LP provided the loan, which will be used to retire existing debt. JLL Capital Markets represented the borrower to secure the financing. The JLL team was led by Senior Managing Directors Peter Rotchford and Andew Scandalios, Managing Director Tyler Peck and Executive Vice President Doug Omstrom.

Plainview, N.Y.,-based Rechler Equity developed the business park, located within the Francis S. Gabreski Airport, under a public-private partnership with Suffolk County in 2014. Plans for Hampton Business District date back to September 2008 when Suffolk County selected Rechler Equity to build and manage the park at the county-owned airport, according to Commercial Property Executive reporting. The airport, originally developed as a World War II air base, encompasses nearly 1,500 acres. Development of the first 60,000-square-foot industrial building began in spring 2014 at 220 Roger’s Way, CPE reported.

Construction of the fifth and final building, a $33 million, 100,483-square-foot asset, began in July 2022 at 230 Roger’s Way, according to the Long Island Business Journal. The business journal noted the building was half-leased at the time of the groundbreaking.

Strategic location

Located south of Exit 63 of the Sunrise Highway on Long Island’s East End, Hampton Business District is the only Class A+ industrial park serving the region. The buildings have move-in ready suites with above-standard finishes and 18- to 22-foot ceiling heights.

The airport, which generates approximately $84.6 million in annual economic activity, provides consistent high-end flight traffic. The property’s location provides connectivity to Long Island and the tri-state region. It is also situated at the entrance to the Hamptons, which has a summer population that triples the local count of nearly 400,000 residents.

E-commerce sales in the region have grown 30 percent year-over-year since 2020, which attracts businesses looking to target the area’s high-value demographic, according to JLL. The median home value in the Hamptons is $2.6 million and residents have a median income of $128,159, 65 percent above the national average.

The Long Island Railroad Westhampton station is a five-minute drive from the business park. The site is a two-hour drive to Montauk at the Eastern tip of Long Island and is 45 minutes to Nassau County. John F. Kennedy International Airport is a two-hour drive from Hampton Business District. Receiving approximately 1.4 tons of cargo a year, JFK ranks 22nd in the world for cargo and shipping.