Trias of Rechler Equity Partners negotiates 37,141 s/f lease to Tate's Bake Shop
August 14, 2015 - Long Island
One of America's fastest growing premium bakeries, maker of award winning crispy cookies and high quality baked goods, Tateâ€™s Bake Shop is expanding its wholesale division to 220 Rogerâ€™s Way. The company, best known for its Southampton Bake Shop, will also continue to operate its 40,000 s/f facility in East Moriches.
Tateâ€™s is the third tenant at 220 Rogerâ€™s Way. In September 2014, AC Lighting & Electric signed a lease for 9,140 s/f, followed by Carrier Enterprise Northeast in April with a 4,570 s/f lease. According to Mitchell Rechler, the 60,000 s/f warehouse and distribution center is now 85% occupied with just one unit available.
â€œThe Hampton Business District is attracting top-tier companies like Tateâ€™s that want new construction, state-of-the-art design, and a location thatâ€™s ideal for servicing the East End as well as points west,â€ said Mitchell Rechler. â€œIn just eight months weâ€™ve reached nearly full occupancy at 220 Rogerâ€™s Way and this fall will break ground on 215 Rogerâ€™s Way, which will feature prime office and medical space for a total of 23,089 square feet. We plan to follow 215 Rogerâ€™s Way with the construction of 200 Rogerâ€™s Way, offering 68,774 square feet of high-end industrial showroom space. Itâ€™s an exciting period at the Hampton Business District and everyone at Rechler Equity Partners joins me in welcoming such a beloved and iconic Long Island institution as Tateâ€™s Bake Shop.â€
Rechler Equity Partners director of acquisitions & leasing Ted Trias negotiated the lease.
Tateâ€™s Bake Shop CEO Maura Mottolese said: â€œOn the East End, weâ€™re well known as a local company and Bake Shop, but as our distribution has expanded across the United States weâ€™ve quickly developed a strong national following. We needed new warehouse and distribution space beyond our East Moriches facility that could serve our growing customer base, yet still stay close to our Southampton roots. The Hampton Business District met all our needs in a setting that reflects our commitment to quality and our heritage as a local brand. We look forward to joining the other tenants there.â€
Southampton Town Supervisor Anna Throne-Holst said, â€œI am thrilled that Tateâ€™s Bake Shop is expanding within Southampton Township. Before construction of the Hampton Business District, Tateâ€™s was not able to find state-of-the-art space in Southampton that was large enough to meet its needs. This is exactly what we anticipated with the Hampton Business District â€” that it would create jobs and promote economic development. Those who want to live and work in the municipality now have a great new option, especially as the Hampton Business District continues to add space and attract new tenants. Itâ€™s a win-win for everyone involved.â€
The Hampton Business District is a visionary multi-use business park featuring corporate office, medical office, showroom, manufacturing, warehouse/distribution and a 145-room hotel in Westhampton Beach. It combines traditional materials with modern forms, and will offer space starting at 1,333 s/f When completed, The Hampton Business District will
feature nine buildings totaling 440,000 s/f.
More information on Tateâ€™s Bake Shop is available at www.tatesbakeshop.com.