Sabre named exclusive leasing agent for two planned developments by Rechler and R Squared

Rechler Equity Partners LLC, Long Island's largest commercial real estate developer, and its affiliate, R Squared Real Estate Partners, have given exclusive leasing assignments for two planned developments to Sabre Real Estate Group LLC, the metropolitan region's newest retail broker. The properties are Westhampton and in North Amityville. Plainview-based Rechler Equity Partners, with a portfolio of over 7 million s/f, encompassing more than 100 properties, has assigned Sabre the listing for the retail component of its soon-to-be-developed, 50-acre Hampton Business District at Suffolk County's Gabreski Airport in Westhampton. Sabre is marketing a 6,500 s/f restaurant pad, a 3,000 s/f bank site with a drive-thru and up to 30,000 s/f of space for a health club along the entrance to the general aviation airport, which is less than 2 miles south of Sunrise Highway Exit 63 and close to exclusive Hampton resorts. Meanwhile, R Squared has assigned Sabre the listing for the retail component at a planned multi-used development at the 22-acre Frontier Mobile Home Park in North Amityville, which will include 500 rental apartments and over 26,000 s/f of retail space. "We're excited to be working with the Rechlers and involved in these significant new mixed use development projects," said Jayson Siano, managing principal of Sabre. Since its inception in 2001, R Squared has invested in retail, residential, storage, commercial loft, hotel and industrial properties throughout the New York Metropolitan area and manages more than 7 million s/f of properties, including $1 billion of development and redevelopment projects currently under way. Rechler Equity Partners, a successor to Reckson Associates, which was established 55 years ago, is the largest owner of commercial real estate on Long Island with a portfolio of assets totaling over 6 million s/f. Rechler Equity offers a wide range of services including leasing, property management, asset management, architecture, construction, environmental, finance and development.