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AllianceBernstein Lends $75M to Expand Long Island Industrial Business Park

Rechler Equity Partners has sealed a $75 million development facility to expand a master-planned logistics project on Long Island, Commercial Observer has learned. AllianceBernstein provided the loan

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Summary

Rechler Equity Partners has sealed a $75 million development facility to expand a master-planned logistics project on Long Island, Commercial Observer has learned.

AllianceBernstein provided the loan for Rechler Business District, a newly constructed industrial business park in Medford, N.

Y., six miles northeast of Patchogue. The property includes a fully leased 140,875-square-foot shallow-bay logistics facility […]

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