What Rechler Equity Partners does

Rechler Equity Partners is the largest fully integrated commercial real estate owner-operator on Long Island, controlling 6.5+ million square feet across 100+ buildings concentrated in Nassau and Suffolk counties. The company's portfolio spans industrial/warehouse, Class A office, flex, retail, and — through the Greybarn brand — multifamily residential, with major development projects including the 845,000 SF-capacity Rechler Business District at Medford, the 385,000 SF Hampton Business District at Gabreski Airport, and the 500-unit Greybarn Amityville mixed-use community. It also operates niche hospitality assets (Canoe Place Inn, Hampton Boathouses). The company serves a diverse tenant base across manufacturing, food & beverage, pharma, e-commerce, energy, healthcare, and distribution verticals, with anchor relationships including National Grid (100,000+ SF), Amazon, Tate's Bake Shop, and Northwell GoHealth Urgent Care. The portfolio has delivered a 1.7% vacancy rate versus a 4.4% Long Island market average per CoStar data.

Rechler generates revenue primarily through long-term commercial leases at $14-$40 PSF depending on asset type and location (industrial: $14-28 PSF; office: $16-23 PSF; retail at Greybarn: $38-40 PSF gross), supplemented by build-to-suit development fees, property management, and periodic asset dispositions (e.g., a 2023 program that sold 5 properties for $36.3 million). Most leases are structured as NNN or gross on annual billing with multi-year terms. The company pursues tenants through a hybrid GTM model combining an in-house leasing team (Directors of Acquisitions & Leasing), commercial broker networks with annual broker awards, a self-serve availability website, and earned media in regional publications. Pricing includes IDA tax abatement packages for qualified industrial tenants at sites such as Rechler Business District Medford, enhancing the value proposition.

The company is privately held by the Rechler family — co-managed by Mitchell and Gregg Rechler, both with prior experience as Co-Presidents/COO of the publicly traded predecessor Reckson Associates Realty Corp (NYSE: RA, IPO 1995 at $220M market cap, going-private in 2003). It has 11-50 employees and is headquartered at 85 South Service Road in Plainview, NY, on the site originally developed by William Rechler in 1961. The corporate structure also includes R Squared LLC, a sister investment vehicle co-founded by Mitchell and Gregg Rechler for investments in retail, storage, hospitality, industrial, and residential properties including the Greybarn multifamily concept.

Name

Rechler Equity Partners

Legal name

Rechler Equity Partners

Website

https://rechlerequity.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

Rechler Equity Partners is the largest fully integrated commercial real estate owner-operator on Long Island, controlling 6.5+ million square feet across 100+ industrial, office, retail, and multifamily buildings in Nassau and Suffolk counties, serving diverse tenants from manufacturing and pharma to e-commerce and healthcare.

Ownership category

akta.pro rank

Product category

Commercial Real Estate

SIC

Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Commercial Real Estate Asset Management (BPAJAMAB)

Keywords

• Commercial real estate
• Industrial property leasing
• Office space leasing
• Property development
• Build-to-suit services

Headquarters

HQ city

Plainview

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Commercial Property Leasing: Primary revenue stream from leasing industrial, office, and retail space across their Long Island portfolio. Properties are leased at various price points ranging from $14.00 to $40.00 PSF depending on location, type, and terms. Additional revenue from operating expense pass-throughs, CAM charges, and real estate tax reconciliations.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Rechler Equity Partners is a fully integrated commercial real estate company that owns, develops, leases, and manages a portfolio of Class A office, industrial, R&D/warehouse, flex, retail, and medical space across Long Island. The firm delivers build-to-suit development, architectural, construction, property management, and tenant relations services through an in-house team, marketing available space ranging from 2,500 SF to over 100,000 SF across 100+ buildings totaling 6.5+ million square feet.

Product overview

Rechler Equity Partners operates as a fully integrated commercial real estate company offering a diverse portfolio of property types across Long Island. The company's core offerings span office space (Class A facilities with full amenities), R&D/warehouse industrial properties (with ESFR sprinklers, variable ceiling heights, and loading dock configurations), flex space (divisible for smaller tenants), retail space (at mixed-use developments), and industrial/manufacturing facilities. Major named development projects include the Rechler Business District at Medford (73-acre, 845,000 SF industrial park), Hampton Business District (50-acre, 385,000 SF Class A business park at Gabreski Airport), Greybarn (500-unit multifamily with 45,000 SF retail in Amityville), Canoe Place Inn (hospitality venue with event space for 350), and Hampton Boathouses (37 luxury waterfront townhomes). Supporting services include leasing, property management, site development, architecture, construction, and environmental/Green technology solutions. The portfolio encompasses over 6.5 million square feet in 100+ buildings across Nassau and Suffolk counties.

Differentiator

Problem solved

Functional benefit

Brands

• Greybarn: Multi-family rental development brand featuring luxury apartments. Greybarn Amityville is a 500-unit multi-family rental development with 45,000 square feet of retail space on a 20-acre site.
• Hampton Business District
• Rechler Business District at Medford
• Canoe Place Inn
• Hampton Boathouses

Products and services

• Rechler Business District at Medford 73-acre sewered business park in Medford, NY offering up to 845,000 SF of industrial space; located half a mile from LIE Exit 65 and eligible for IDA tax benefits. Target tenants include industrial, manufacturing, and distribution users.
• Hampton Business District East End's first and only Class A business park at Gabreski Airport in Westhampton Beach, NY; 50 acres with 5 buildings totaling 385,000 SF, including high-bay warehouses with multiple loading docks, drive-in doors, ESFR sprinkler systems, and architectural services for tenants. Target tenants include industrial, R&D, professional services, and hospitality operators.
• Greybarn Amityville 500-unit multi-family rental development with 45,000 SF of retail space on a 20-acre site in Amityville, NY; ground-floor retail tenants include Starbucks and Northwell GoHealth Urgent Care. Target customers include residential renters and retail tenants.
• Canoe Place Inn Hamptons hospitality venue with 20 guest rooms, five on-site cottages, and catering space for special events accommodating up to 350 seated guests, near Sunrise Highway. Target customers include event planners, wedding parties, and Hamptons visitors.
• Hampton Boathouses 37-unit luxury waterfront townhome community with two- and three-bedroom configurations across three floors, private patios or balconies, and shared outdoor pool, deck, and cabanas. Target customers include upscale Hamptons residential buyers and renters.
• Leasing Services Commercial real estate leasing representation for Rechler's owned portfolio, handled by in-house Directors of Acquisitions & Leasing (Ted Trias, Chris Costa) and Director of Tenant and Community Development (Ellen Cea).
• Property Management Property management services for the commercial portfolio, including maintenance, tenant relations, and 24-hour emergency building support (631-476-5076 emergency hotline).
• Site Development and Planning Site development services including land acquisition analysis, master planning, and entitlement processing for new development projects.
• Architecture Services Architectural services offered to tenants at Hampton Business District and across the portfolio to optimize and customize space layouts for various professional uses.
• Construction Services Construction and build-to-suit services for new developments and tenant improvements across the portfolio, including custom BTS opportunities at Rechler Business District starting at 25,000 SF.

Quantifiable outcome

• 1.7% vacancy rate vs 4.4% Long Island market average
• +2 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators7 records

Recent moves11 records

Expansion highlights6 records

Broad incumbents

• Kimco Realty: Public shopping center REIT with significant Long Island and tri-state open-air retail concentration. Comparable exposure to Long Island retail leasing dynamics and tenant mix, though operating at REIT scale with broader national footprint.
• Vornado Realty Trust: NYC-focused office and retail REIT with a major Long Island suburban office portfolio. Comparable Class A office exposure and tri-state operating model, though focused primarily on Manhattan trophy office assets.
• RXR Realty: Large NY metro commercial real estate owner, operator, and developer with office, industrial, residential, and mixed-use assets. Comparable integrated platform with broader geographic footprint across the tri-state region than Rechler's Long Island focus.

Others

• Cushman & Wakefield: Global commercial real estate services firm with significant Long Island brokerage and property management presence. Comparable as ecosystem participant (brokerage, property management) serving the same Long Island tenant base.
• Newmark Group: Commercial real estate advisory and services firm with strong New York metro and Long Island presence. Comparable as broker and tenant-rep competitor for the same industrial/office leasing engagements.
• JLL (Jones Lang LaSalle): Global commercial real estate services and investment management firm with active Long Island brokerage and capital markets practice. Comparable as ecosystem participant competing for tenant mandates and capital deployment.
• CBRE Group: Largest global commercial real estate services firm, active in Long Island industrial and office leasing. Comparable as institutional competitor and broker counterparty in the Long Island market.

Direct peers

• Castagna Realty Company: Long Island commercial real estate owner, developer, and manager operating industrial, office, retail, and medical office properties on Long Island. Directly comparable private owner/operator with similar Long Island-centric strategy and tenant base.
• Tritec Real Estate Company: Long Island-focused commercial real estate developer and owner with comparable industrial, office, and mixed-use projects across Suffolk County. Closest direct comparable given shared Long Island focus, integrated development model, and similar tenant profiles.

Regional players

• Breslin Realty Development Corp. Long Island-based commercial real estate owner and developer focused on Long Island office, industrial, and retail. Comparable regional private player, though more concentrated in office leasing and sub-markets complementary to Rechler's industrial-heavy mix.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rechler Equity Partners