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WESTHAMPTON, N.Y. — Rechler Equity Partners has signed an agreement to redevelop a portion of the airport located in Westhampton. Rechler will lease approximately 55 acres for a 40-year term, with an option for an additional 40 years. The company will redevelop the property into a sustainable business and technology park totaling 510,000 square feet of new construction. The construction timetable has not yet been finalized.