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» About Rechler Equity: Timeline
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RECHLER EQUITY PARTNERS – A HISTORICAL PERSPECTIVE
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Rechler family entrance into real estate. New York's first industrial park at Newtown Creek, Brooklyn.
Rechler family purchase of 600 acre ITT parcel, formerly the Voice of America, with options on an additional 600 acres to create the Vanderbilt Industrial Park, Hauppauge.
Donald Rechler (r), Roger Rechler (l) and William Rechler found Reckson Associates.
First award-winning, high-tech industrial park in New York State, totaling 1.8 million square feet in Airport International Plaza, Bohemia, New York.
First tilt-up, concrete, "big box" construction.
Worked with GE to create first computerized electric and HVAC system, allowing full 24-hour service.
First in the Northeast to create a fully amenitized office park including a teleconferencing center, restaurant, health club, boardroom, tennis courts and jogging track.
Signed land lease with Nassau County to build 1 million square foot Nassau West Corporate Center at Mitchel Field, Long Island – across from the Nassau Coliseum.
Completed Nassau West Corporate Center at Mitchel Field, Long Island.
Completed the Omni – premier 575,000 square foot suburban office building in the Northeast at Mitchel Field, Long Island.
Reckson goes public – NYSE – Reckson Associates Realty Corp., with approximately $285 million in proceeds to the Company. Initial portfolio included 72 office and industrial properties totaling 4.5 million square feet, substantially located on Long Island.
Expanded the Company to include properties in New York City, Connecticut, New Jersey and Westchester – completing the Tri-State strategy, and growing the Company's portfolio to over 22 million square feet with a total market cap of $3.3 billion.
Public To Private...