{"id":1004764966,"date":"2025-07-16T03:02:41","date_gmt":"2025-07-16T11:02:41","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004764966"},"modified":"2025-07-16T03:07:10","modified_gmt":"2025-07-16T11:07:10","slug":"rechler-equity-secures-120m-loan-for-long-island-business-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/rechler-equity-secures-120m-loan-for-long-island-business-park\/","title":{"rendered":"Rechler Equity Secures $120M for Long Island Business Park"},"content":{"rendered":"\n<p>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.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Hampton-Business-District.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"600\" data-attachment-id=\"1004765003\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/rechler-equity-secures-120m-loan-for-long-island-business-park\/hampton-business-district\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Hampton-Business-District.jpg\" data-orig-size=\"900,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Hampton Business District\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Hampton Business District in Westhampton Beach, Long Island. Image courtesy of Rechler Equity Partners&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Hampton-Business-District.jpg?w=900\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Hampton-Business-District.jpg\" alt=\"Hampton Business District in Westhampton Beach, Long Island\" class=\"wp-image-1004765003\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Hampton-Business-District.jpg 900w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Hampton-Business-District.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Hampton-Business-District.jpg?resize=768,512 768w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><\/a><figcaption class=\"wp-element-caption\">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<em>. Image courtesy of JLL<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>The business park is currently 94 percent leased to 24 tenants including Iron Mountain, United Refrigeration Solutions and a <a href=\"https:\/\/www.commercialsearch.com\/news\/report-amazon-plans-15b-warehouse-expansion\/\">leading e-commerce company<\/a> identified as Amazon by the <em>Commercial Observer.<\/em>&nbsp; Amazon opened the 91,000-square-foot last-mile distribution center at 245 Roger\u2019s Way in 2022, <a href=\"https:\/\/commercialobserver.com\/2025\/07\/alliancebernstein-refi-hamptons-business-park-amazon\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><em>CO<\/em> reported<\/a>.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/e-commerce-continues-to-steer-logistics-demand\/\">E-Commerce Continues to Steer Logistics Demand<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>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 <em>Commercial Property Executive<\/em> 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\u2019s Way, <em>CPE<\/em> reported.<\/p>\n\n\n\n<p><a href=\"https:\/\/libn.com\/2022\/07\/19\/construction-starts-on-final-building-at-hamptons-business-district\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Construction of the fifth and final building<\/a>, a $33 million, 100,483-square-foot asset, began in July 2022 at 230 Roger\u2019s Way, according to the <em>Long Island Business Journal<\/em>. The business journal noted the building was half-leased at the time of the groundbreaking.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-strategic-location\">Strategic location<\/h2>\n\n\n\n<p>Located south of Exit 63 of the Sunrise Highway on Long Island\u2019s 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.<\/p>\n\n\n\n<p>The airport, which generates approximately $84.6 million in annual economic activity, provides consistent high-end flight traffic. The property\u2019s 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.<\/p>\n\n\n\n<p>E-commerce sales in the region have grown 30 percent year-over-year since 2020, which attracts businesses looking to target the area\u2019s 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.<\/p>\n\n\n\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amazon is among the property\u2019s tenants. <\/p>\n","protected":false},"author":1068,"featured_media":1004765005,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21825,21748,21742,10],"tags":[38004,37482,44006,52635],"class_list":["post-1004764966","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-finance","category-industrial","category-latest","category-northeast","tag-alliancebernstein-lp","tag-amazon","tag-jll-capital-markets","tag-rechler-equity-partners"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Rechler Equity Secures $120M for Long Island Business Park - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Rechler Equity Partners has received a $120 million loan to refinance Hampton Business District, a business park in Westhampton Beach, N.Y.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/rechler-equity-secures-120m-loan-for-long-island-business-park\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rechler Equity Secures $120M for Long Island Business Park\" \/>\n<meta property=\"og:description\" content=\"Rechler Equity Partners has received a $120 million loan to refinance Hampton Business District, a business park in Westhampton Beach, N.Y.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/rechler-equity-secures-120m-loan-for-long-island-business-park\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-16T11:02:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-16T11:07:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Hampton-Business-District-featured.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rechler-equity-secures-120m-loan-for-long-island-business-park\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rechler-equity-secures-120m-loan-for-long-island-business-park\\\/\"},\"author\":{\"name\":\"Gail Kalinoski\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/fc5b5df1393e5023d2417bd48c2fda57\"},\"headline\":\"Rechler Equity Secures $120M for Long Island Business Park\",\"datePublished\":\"2025-07-16T11:02:41+00:00\",\"dateModified\":\"2025-07-16T11:07:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rechler-equity-secures-120m-loan-for-long-island-business-park\\\/\"},\"wordCount\":502,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rechler-equity-secures-120m-loan-for-long-island-business-park\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2025\\\/07\\\/Hampton-Business-District-featured.jpg\",\"keywords\":[\"AllianceBernstein LP\",\"Amazon\",\"JLL Capital Markets\",\"Rechler Equity Partners\"],\"articleSection\":[\"Featured\",\"Finance\",\"Industrial\",\"News\",\"Northeast\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rechler-equity-secures-120m-loan-for-long-island-business-park\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rechler-equity-secures-120m-loan-for-long-island-business-park\\\/\",\"name\":\"Rechler Equity Secures $120M for Long Island Business Park - 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