24 Hour Local Real Estate News

Tate's Puts HQ Lease in the Oven at New Rechler Build

SOUTHAMPTON, NY—The first of nine buildings planned at Rechler Equity Partners‘ new Hampton Business District development is nearing full occupancy in just eight months. Tate’s Bake Shop has signed a 37,141-square-foot headquarters lease at 220 Roger’s Way, which will house corporate offices and larger warehouse and distribution space for the company.

One of the country’s fastest-growing premium bakeries, Tate’s is best known for its Southampton Bake Shop. It will also continue to operate a 40,000-square-foot facility in East Moriches, elsewhere in Suffolk County.

“We needed new warehouse and distribution space beyond our East Moriches facility that could serve our growing customer base, yet still stay close to our Southampton roots,” says Tate’s CEO Maura Mottolese. “The Hampton Business District met all our needs in a setting that reflects our commitment to quality and our heritage as a local brand.” Ted Trias, director of acquisitions & leasing at Rechler Equity, negotiated the lease

Tate’s is the third tenant at 220 Roger’s Way. In September 2014, AC Lighting & Electric signed a lease for 9,140 square feet, with Carrier Enterprise Northeast signing on this past April for 4,570 square feet. Rechler Equity’s Mitchell Rechler says the 60,000-square-foot 220 Roger’s is now 85% occupied, with just one unit remaining.

“The Hampton Business District is attracting top-tier companies like Tate’s that want new construction, state-of-the-art design, and a location that’s ideal for servicing the East End as well as points west,” says Mitchell Rechler. “In just eight months we’ve reached nearly full occupancy at 220 Roger’s Way and this fall will break ground on 215 Roger’s Way, which will feature prime office and medical space for a total of 23,089 square feet. We plan to follow 215 Roger’s Way with the construction of 200 Roger’s Way, offering 68,774 square feet of high-end industrial showroom space.” The business park ultimately will encompass nearly 440,000 square feet when fully built out.

Copyright 2017. ALM Media Properties, LLC. All rights reserved.