RECHLER EQUITY SIGNS CONTRACT TO ACQUIRE 200,000 SF OFFICE PROPERTY

HAUPPAUGE, N.Y. — Rechler Equity Partners has signed a contract to acquire Standard Microsystems Corp.’s (SMSC) office facility at 80 Arkay Dr. in Hauppauge in an $18 million sale-leaseback transaction. SMSC will lease 120,000 square feet in the facility for a 15-year period. Gregg Rechler and Ted Trias represented Rechler Equity in house, and CB Richard Ellis’ Robert Godfrey represented SMSC. The Class A office property is located in the Hauppauge Business Park and will feature a café, a health club and 24/7 access.