Suffolk County and Southampton Town officials joined developers Tuesday to mark the start of construction of the fifth and final building at the Hamptons Business District in Westhampton Beach.
Rechler Equity Partners recently broke ground on the $33 million, 100,483-square-foot building at 230 Roger’s Way. The building, half of which is already pre-leased, will feature multiple loading docks, 182 parking spaces, 22-foot-high ceilings, an ESFR sprinkler system and outdoor storage. The remaining 50,000 square feet of available space can be divided into warehousing space and built-to-suit office space, according to a company statement.
The developer received economic incentives from the Suffolk County Industrial Development Agency to assist with the project, expected to be completed in the spring of next year.
Rechler Equity Partners was selected by Suffolk County to redevelop the property adjacent to the Francis S. Gabreski Airport in Westhampton Beach in 2008. Since then, the developer has created four buildings and is now adding a fifth, all totaling 385,000 square feet at the Hamptons Business District, which is home to 17 businesses and includes a variety of manufacturing, warehousing, office and showroom space.
“230 Roger’s Way is another example of our vision to provide industrial space that can serve businesses of all shapes and sizes,” Gregg Rechler, co-managing partner of Rechler Equity Partners, said in the statement. “We want to give our tenants the tools to grow and support them every step of the way.”
The company’s co-managing partner Mitchell Rechler said the construction of the new park’s final building is an important moment for his organization.
“In 2009, we set out to provide a solution in terms of industrial space for the underserved east end of Long Island and the results we see today speak for themselves,” Rechler said in the statement.
Southampton Town Supervisor Jay Schneiderman said the Hampton Business District continues to grow and strengthen the regional economy.
“The business district is home to many new and growing businesses that help keep the promise of providing local jobs, which is so critical to our area,” he said.
Rechler Equity Partners, which owns a portfolio of more than 6.5 million square feet of mostly industrial space on Long Island, plans to begin construction soon on the Rechler Business District in Medford, an 840,000-square-foot industrial park on 73 acres off Horseblock Road.
As LIBN reported earlier this year, the company plans to develop the new park in phases, with the first building at 10 Donald’s Way being 138,770 square feet with 28-foot-high ceilings and 49-foot by 44-foot column spacing at the entry of the park.