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Newmark Grubb Knight Frank’s Long Island office was honored twice at Rechler Equity’s annual awards ceremony, which was held last week at the company’s headquarters in Plainview, N.Y.
Jack O’Connor and Chuck Tabone received the Acquisition of the Year award for negotiating a long-term ground lease for the redevelopment of 50 acres at Suffolk County’s Gabreski Airport into the East End’s first and only Class A business park. Named The Hampton Business District at Gabreski, the 440,000-square-foot, nine-building business and technology center will comprise a 145-room hotel and conference center, day care center, restaurant and outdoor recreational space. The project is expected to generate 600 to 700 new jobs.
Mr. Tabone also was recognized for the Industrial Deal of the Year, a complex, long-term, 72,000-square-foot lease for Wenner Bread products at 2001 Orville Drive in Ronkonkoma, N.Y.
“We are grateful to Rechler Equity for recognizing Newmark Grubb Knight Frank and our accomplishments for the second year in a row,” said Mr. Tabone. “It is an honor to work with such a professional organization.”
“Our annual Broker Party is a special event that gives us a chance to acknowledge the brokers and companies who have been tremendous contributors to the success of Rechler’s properties during the year,” said Mitchell Rechler, managing partner at Rechler Equity Partners. “We’re proud of our strong relationship with the brokerage communities on Long Island, and look forward to the great collaborations to come in the New Year.”
Rechler Equity Partners is the largest fully integrated commercial real estate company on Long Island, with a portfolio of over 7 million square feet, encompassing over 100 properties.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,000 professionals operate from more than 320 offices in established and emerging property markets on five continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc. (NASDAQ: BGCP), a leading global brokerage company primarily servicing the wholesale financial and real estate markets. For further information, visit www.bgcpartners.com.