RECHLER EQUITY PARTNERS COMPLETES 31,000 SF INDUSTRIAL LEASE

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MELVILLE, N.Y. — Rechler Equity Partners has leased space at 10 Hub Drive in Melville to Ferrellgas, a propane supplier. The company will occupy 31,000 square feet of the 95,671-square-foot property, which features 20-foot ceilings and quick access to the Long Island Expressway. The property is part of Rechler’s 13-building Melville portfolio, which totals 1 million square feet of office, R&D, manufacturing and warehouse space. Ted Trias of Rechler Equity Partners provided in-house representation for the ownership in the lease negotiations. Terms of the lease were not disclosed.

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