Rechler Equity Partners recently signed a new, 31,000 s/f lease with Ferrellgas L.P., a propane supplier, at 10 Hub Drive in Melville, NY.
“Rechler is pleased to work with Ferrellgas in helping them to secure additional space for their latest acquisition, Mr. Bar-B-Q, a barbeque tools, accessories and parts company,” said Ted Trias, director of Acquisitions & Leasing at Rechler Equity Partners, who represented ownership in lease negotiations.
“10 Hub Drive proved to be the perfect fit for Ferrellgas’ square-footage and location requirements as they expand their operations.”
Ferrellgas Partners is a national propane distributor, working with more than one million clients in the residential, corporate and agricultural sectors. It will occupy 31,000 s/f of the 95,671 s/f property, which features 20-foot ceilings and offers quick access to the Long Island Expressway.
The property at 10 Hub Drive is part of Rechler’s 13-building Melville portfolio, totaling one million square feet of office, R&D, manufacturing and warehouse space. These properties offer exceptional access to hotels, restaurants and retail, in addition to being strategically situated within minutes of the LIE, Northern State Parkway, and Route 110/Broad Hollow Road.
The tenant was represented by Chris Costa of Colliers International of Long Island, Inc.