This transaction allowed Global Freight to consolidate its Huntington and Hauppauge operations under one roof, while also meeting its strategic real estate plans for future growth
Melville, NY (PRWEB) January 29, 2009
Rechler Equity Partners, the largest owner of commercial real estate on Long Island, announced the completion of a major transaction at 85 Nicon Court. Global Freight Management committed to the entire 104,000-square-foot industrial property located in Hauppauge, NY. The announcement was made by Mitchell Rechler of Rechler Equity Partners.
As one of the industry's leading warehousing logistics companies, Global Freight will consolidate two of its existing locations, totaling approximately 80,000 square feet, into the space at 85 Nicon Court. The new lease provides the company with expansion space of more than 24,000 square feet and also helps boost overall occupancy within Rechler Equity's Hauppauge portfolio to 94 percent.
"This transaction allowed Global Freight to consolidate its Huntington and Hauppauge operations under one roof, while also meeting its strategic real estate plans for future growth," said Mr. Rechler. "We are extremely please to welcome Global Freight to our constantly growing tenant roster."
Situated in the heart of Hauppauge, 85 Nicon Court is a single-story industrial complex totaling 104,000 square feet. The property is conveniently located in close proximity to a number of major transportation options, making it ideal for Global Freight Management's requirements.
Harry Stavro of Rechler Equity Partners represented the ownership in the lease negotiations. Mario Asaro of United Realty acted on behalf of Global Freight Management.
About Rechler Equity Partners
Developing Long Island for more than 50 years, Rechler Equity Partners is the largest owners of commercial real estate with a portfolio of assets totaling over six million square feet. Rechler Equity offers a wide range of services including leasing, property management, asset management, architecture, construction, environmental, finance and development.