10 Donald's Way - Approved

09/26/23

BROOKHAVEN INDUSTRIAL DEVELOPMENT AGENCY CLOSES ON
MEDFORD INDUSTRIAL BUILDING

FARMINGVILLE, NY – Frederick C. Braun III, chairman of the Town of Brookhaven Industrial Development Agency (IDA) announced that the agency has closed on an agreement that will provide economic development incentives for a planned industrial building in Medford.

The benefits, approved by the IDA at its Dec. 7, 2022 meeting, will assist the project called 10 Donald’s Way LLC, an affiliate of Plainview-based Rechler Equity Partners.

The closing took place on September 19, 2023.

The project is a 140,875-square-foot multi-tenant building that will be constructed on about 11 acres of vacant land and will be part of a larger 73-acre industrial park.

The project, whose overall cost is estimated at $36.8 million, will result in the creation of 35 permanent jobs within two years of its completion and 125 construction industry jobs.

“This project will produce new jobs, new revenues for taxing jurisdictions, and develop a long-vacant site,” said Braun.

About the Town of Brookhaven Industrial Development Agency
Since 1970, the mission of the Town of Brookhaven Industrial Development Agency is to improve the quality of life for Brookhaven residents by promoting and assisting the growth of businesses that support the Town through capital investment and the creation and retention of jobs. The IDA has issued millions of dollars in tax-exempt or taxable bonds and provided assistance through straight lease deals to encourage companies to either locate or expand in the Town of Brookhaven. This assistance has been extended to companies both large and small and has resulted in the direct creation of thousands of jobs for Brookhaven residents. The IDA has provided assistance to a wide range of companies, including Shoreham Energy LLC, Burmax, Intercounty Appliance, Suffolk Transportation, Tate’s Holding Co. and D&F Patchogue. For more information, visit BrookhavenIDA.org or call 631-406-4244.
 

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