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.