Trias of Rechler Equity Partners negotiates 20,000 s/f lease renewal for Bactolac in Hauppauge

One of Long Island's largest owners of commercial real estate, Rechler Equity Partners, has signed leading vitamin manufacturer Bactolac Pharmaceuticals to a five year extension of its 20,000 s/f warehouse lease at 73 Oser Ave., according to company partners Mitchell and Gregg Rechler. Bactolac Pharmaceutical has been an industry-leading vitamin manufacturer for over 17 years, offering exceptional products and services at highly competitive prices. Rechler director of acquisitions & leasing Ted Trias negotiated the lease on behalf of the building ownership and the tenant. Last year, Bactolac approached Rechler in need of a short-term lease for this additional warehouse space, which Rechler was able to accommodate quickly. "Bactolac is a long-term tenant within the Rechler portfolio occupying over 100,000 square feet of industrial space in total," said Trias. "This latest transaction demonstrates our firm's flexibility and continued commitment to aligning with the needs of our tenants on both a short- and long-term basis, which is why the Rechler portfolio enjoys such a high tenant retention rate."