Rechler Equity Partners, the largest owner of commercial real estate on Long Island, announced that Pool Cover Corp., a manufacturer of safety pool covers, liners and safety equipment, has renewed its lease for the entire 181,060 s/f building at 390 Veterans Motor Parkway in Hauppauge, NY.
The announcement was made by company partners Mitchell and Gregg Rechler. Rechler Equity Partners director of acquisitions & leasing Ted Trias negotiated the lease on behalf of the owner and tenant.
“LOOP LOC has been a tenant of Rechler Equity Partners since 1991 and moved into 390 Veterans Motor Parkway in 2000 after outgrowing their original space. This long-term renewal is a testament to who we are as operators and our commitment to our tenants. It is a great day for Long Island when a manufacturer elects to extend its presence for the long term,” said Trias.
“What started in 1978 as a five-person family firm with a vision has grown into a 300-employee world leader in the pool safety sector.”
Pool Cover Corp. founder Bill Donaton co-invented safety swimming pool covers in 1957, after a business associate complained about finding small animals drowned in the waterlogged solid vinyl cover on his pool. The first mesh safety swimming pool covers were marketed in Connecticut in the fall of that year, and an industry was born. In 1978 Bill founded
Loop-Loc Safety Covers which has been located on Long Island, NY since its inception.
Today, the company manufactures covers that are “strong enough to hold an elephant,” along with luxury in-ground swimming pool liners.