Rechler Equity Partners - Gabreski Airport Site Lease
2009
Representation of Rechler Equity Partners on all aspects of their 40-year renewable ground lease to redevelop Suffolk County’s 55-acre Gabreski Airport. This transaction involved creative problem-solving, including severing the ground lease into multiple leases to coordinate with Rechler’s development schedule. The 500,000 square-foot business and technology center will house digital film studios, a 145-room hotel and a conference center, and is expected to generate 600 to 700 new jobs.
2009
Representation of Rechler Equity Partners on all aspects of their 40-year renewable ground lease to redevelop Suffolk County’s 55-acre Gabreski Airport. This transaction involved creative problem-solving, including severing the ground lease into multiple leases to coordinate with Rechler’s development schedule. The 500,000 square-foot business and technology center will house digital film studios, a 145-room hotel and a conference center, and is expected to generate 600 to 700 new jobs.
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