Rechler Equity Partners Secures $120 Million Acquisition Loan From AllianceBernstein In Westhampton Beach

The asset involved in this transaction is the Hampton Business District Portfolio, which includes addresses 200 Rogers Way, 215 Rogers Way, 220 Rogers Way, 230 Rogers Way, and 245 Rogers Way. This industrial property spans a total square footage of 385,002 in the Westhampton Beach market. The loan amount secured for this acquisition is $120,000,000.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $120,000,000
• Loan Type: Acquisition
• Lender: AllianceBernstein LP
• Landlord: Rechler Equity Partners
• Brokers: Peter Rotchford, Tyler Peck & Andrew Scandalios - JLL

This acquisition was facilitated by the notable involvement of AllianceBernstein LP as the lender, with Rechler Equity Partners serving as the landlord. The transaction was brokered by a team from JLL, consisting of Peter Rotchford, Tyler Peck, and Andrew Scandalios, highlighting the expertise behind the deal.