Listen to this articleRechler Equity Partners, the largest owner of commercial real estate on Long Island, recently hosted its annual ceremony to honor real estate brokers for their 2023 leasing efforts at the firm’s properties.
The Plainview-based property owner achieved record-high occupancy rates last year for its sprawling commercial portfolio that totals more than 6.5 million square feet. The brokers honored at the event were responsible for over 150,000 square feet of lease transactions and awards were given for Industrial Deal of the Year, Office Deal of the Year, Development Deal of the Year, Broker of the Year and Firm of the Year.
“While Rechler Equity prides itself on designing, building and operating quality commercial and industrial space, we rely heavily on the brokerage community to find tenants who can best utilize it,” Gregg Rechler, co-managing partner of Rechler Equity, said in a company statement. “By finding tenants that are the right fit, their operations can thrive, which can only be positive for the local economy. It is our pleasure to recognize our broker partners for the important work they do.”
Doug Omstrom and Tom DiMicelli of JLL won the awards for Development Deal of the Year, Brokers of the Year and Firm of the Year for their 101,390-square-foot lease with Keyspan East Gas Corporation at 10 Donald’s Way in Medford, the first building of the new Rechler Business District at Medford. Ted Stratigos of Avison Young Commercial Real Estate and Lori Schiaffino of Compass shared the honor of Industrial Deal of the Year for a 28,667-square-foot industrial lease transaction with Conductor Properties, LLC at 220 Roger’s Way at the Hampton Business District.
JoAnn Spatola of Realty Connect USA earned Office Deal of the Year honors with her 21,304-square-foot office lease agreement with Professional Retail Services, Inc. at 5 Orville Drive in Bohemia.
“Each year, our broker recognition ceremony offers us a chance to look back at the success of the previous year,” Mitchell Rechler, co-managing partner of Rechler Equity, said in the statement. “We ended 2023 at 98.5% occupancy. This is a testament to the hard work of our partners in the brokerage community.”