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RECHLER SIGNS GABRESKI LEASE

WASHINGTON DC 04.27.2017

FEDERAL MARKETS & REAL PROPERTIES

A New President & GSA: What Does That Mean For You?

Norman Dong -- U.S. General Services Administration (GSA)
Tom Finan -- Trammell Crow Company
Bruce Childs -- USAA Real Estate
RECHLER SIGNS GABRESKI LEASE
RECHLER SIGNS GABRESKI LEASE
Finally! After being discussed and referenced for almost 40 years, a plan to redevelop a portion of Westhampton, Long Island's Gabreski Airport will be happening. Above, Suffolk County executive Steve Levy and Rechler Equity Partners' Gregg Rechler shake on a 40-year lease agreement for 55 acres last week. The property will be re-developed into a biz-tech park with 510k SF of new construction, chosen from four developers who responded to the RFP. The move will generate $40M for the county over the lease's life and over 500 year-round jobs on the East End, they say.