ISLIP, NY—Long Island's largest commercial propertyowner—Rechler Equity Partners—is planning to builda total of 119,000 square feet of industrial/flex space on threeparcels within the Islip Foreign Trade Zone here.


Once completed, the newest additions to the Rechler portfoliowill include a 54,000-square-foot property at 100 Trade Zone Drive,a 24,000-square-foot building located at 101 Roebling Court, and a41,000-square-foot structure at 2 Roebling Court. These propertieswill join a fourth, fully-constructed Rechler-owned asset withinthe FTZ at 200 Trade Zone Drive. Each of the new properties will bedeveloped as build-to-suit.


The Plainview, NY-based real estate investment firm announcedthe initiative on Monday. “With assistance from the Town of Islipand the Islip Foreign Trade Zone, we will be able to createsomething truly exceptional—three significant properties that willcreate local jobs and provide tenants with solutions for theirbusinesses,” says Gregg Rechler, co-managingpartner of Rechler Equity Partners.


“We are very fortunate to have the opportunity to work withRechler Equity Partners, the largest owner and operator ofcommercial properties on Long Island, in developing threesignificant parcels located in Islip's Foreign Trade Zone,” saysIslip Town Supervisor Thomas Croci. “Rechler'svast knowledge and expertise in the industry will no doubt help toattract companies to the FTZ, which will, in turn create jobslocally, a top priority in this administration.”


The Islip FTZ offers 435,000 square feet of prime warehouse andoffice space located on 52 acres of land. The complex is located onthe grounds of Long Island MacArthur Airport in the VeteransHighway business corridor. Foreign Trade Zone tenants are offered anumber of major benefits, including deferral of duties and taxespaid on merchandise when entering U.S. Customs Territory;exportation or transfer of cargo without the payment of any taxesor duties; and a lower rate of tax when purchasing productsmanufactured abroad. The Islip FTZ is the only designated ForeignTrade Zone on Long Island.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.