Trias of Rechler negotiates 11,258 s/f lease expansion at 80 Arkay Drive; To Gemini Fund Services at the class A office property

According to Mitchell and Gregg Rechler, partners of Rechler Equity Partners, one of the largest owners of commercial real estate on Long Island, the company has negotiated a long-term lease expansion of 11,258 s/f for Gemini Fund Services at its 80 Arkay Dr. This lease brings the company's total presence at the office complex to 39,156 s/f. Ted Trias, director of leasing and acquisition at Rechler Equity Partners, represented ownership in the lease negotiations. Gemini Fund Services partners with investment companies to deliver solutions on mutual funds, hedge funds, funds on insurance platforms, and more. The company has additional locations in Omaha, Chicago and Scottsdale. Gemini will use the expanded space at 80 Arkay Dr. for administrative offices. "Rechler Equity Partners' ability to meet the expansion needs of its existing tenants is testimony to our strength as an operator and the reason our portfolio continuously enjoys such a high retention rate," said Trias. "We were pleased to work with Gemini Fund Services to meet their expansion needs at 80 Arkay Dr., and look forward to a long and mutually beneficial relationship with Gemini." The 202,894 s/f class A office complex at 80 Arkay Dr. offers amenities such as high speed Internet access, full-service on-site café, a health club with locker room facilities, a back-up generator/UPS system insuring uninterrupted power and 24/7 access and security. "When we selected Rechler Equities two years ago for our relocation, we knew we had found the right landlord to meet our growth and operational needs," said Kevin Wolf, president of Gemini Fund Services. "80 Arkay Dr. has been the company's home for a few years now, and expanding into this existing space was both convenient and preferable. Due to the creativity of the Rechler team, we were able to get what we needed, with no interruption of our day-to-day operations."