12.06.2013 REW | Rechler taps Sabre for new Westhampton retail
By REW Staff
Upstart Long Island retail brokerage, Sabre Real Estate Group, has landed two high profile leasing assignments.
Just ahead of the annual two-day New York ICSC conference, Sabre – a company founded by Jayson Siano and Kenneth Breslin in 2011 – announced 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 the firm.
Rechler 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.
And, 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 square feet of retail space.
At the Westhampton site, 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 two miles south of Sunrise Highway Exit 63 and close to exclusive Hampton resorts.
“We’re excited to be working with the Rechlers and involved in these significant new mixed use development projects,” said 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 square feet 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 square feet.