JLL Capital Markets arranges $75M development facility for Rechler’s latest Long Island industrial park development

NEW YORK, July 2, 2026 – JLL Capital Markets announced today that it has arranged a $75 million development facility for Rechler Business District, a master-planned industrial business park in Medford, New York.

JLL worked on behalf of Rechler Equity Partners to secure the financing through AllianceBernstein L.P.

Rechler Business District encompasses a newly constructed and fully leased 140,875-square-foot Class A shallow bay logistics facility at 10 Donald’s Way, 9.8 acres of fully leased industrial outdoor storage (IOS) space at 25 Donald’s Way and approximately 45 acres of additional development-ready land.

The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Managing Director Peter Rotchford and Managing Director Tyler Peck.

“Securing financing for a project of this scale required a lender that understood both the strength of the existing cash flow and the long-term value creation embedded in the to-be developed,” said Rotchford. “AllianceBernstein recognized the compelling combination of stable income from an investment- grade tenant, a low leverage profile and Rechler’s track record for industrial development, which ultimately made this financing opportunity particularly attractive.”

The property is strategically located less than one-half mile from the Long Island Expressway (I-495), providing connectivity to major transportation corridors throughout the New York metropolitan area. Rechler Business District benefits from strong Long Island industrial market fundamentals, including limited new supply, sustained tenant demand and proximity to one of the nation’s largest consumer populations.

The financing comes amid continued strength in the Long Island industrial market. According to JLL Research, Long Island’s industrial vacancy rate remained just 4.9% in the first quarter of 2026—among the lowest in the Northeast—supported by steady leasing activity and limited speculative development. With only 1.36 million square feet currently under construction, much of which is owner-user product, and average asking rents holding at $18.52 per square foot, market fundamentals continue to reflect sustained tenant demand and a constrained supply environment that supports long term industrial investment across the region.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity &; fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources visit JLL’s newsroom.

Rechler Equity Partners is the largest fully integrated commercial real estate developer, owner, and manager on Long Island, New York, with a portfolio exceeding six million square feet. Led by Co-Managing Partners Mitchell and Gregg Rechler, the company provides full-service leasing, property and asset management, architecture, construction, environmental and finance services. It commercial portfolio is heavily focused on industrial facilities, high-bay warehouses, manufacturing centers and class-A office. Visit www.rechlerequity.com

AllianceBernstein (AB) is a leading global investment management firm serving institutional, retail, and private wealth clients worldwide. Its commercial real estate debt platform, part of its Private Alternatives business, originated in the US in 2012 and expanded to Europe in 2020, with $13 billion in assets under management and $14 billion in committed capital, as of December 2025. Through directly originated real estate loans, AB delivers value-driven financing solutions across market cycles via its global platform, including US CRED. As of May 2026, AB globally managed $889 billion in assets. AB is a subsidiary of Equitable Holdings, Inc. (EQH), which owns an approximate 68% economic interest in AB. Learn more at