Who We Are
With almost 40 years experience, Triangle Equities identifies promise in the most challenging properties and creates projects that catalyze economic and housing development in the broader New York area.
Our Story
By following the results-oriented, community-centric approach that has come to define our work, Triangle Equities continutes to evolve and flourish in an increasingly challenging real estate landscape.
Our History
Now a fourth-generation, family-operated business, we've continued to grow not only in the size and complexity of our projects, but also in the capabilities of our firm.
Founded by Lester Petracca as the real estate arm of his family's construction business, Petracca & Sons, Inc., a third generation, heavy construction general contractor that builds bridges, tunnels, roads, and municipal buildings throughout New York City and State.
Cements its place as a NYC borough-focused commercial real estate developer; awarded its first RFPs from the City.
Separates from parent company, becoming an independent entity wholly owned by Lester Petracca.
Completes first market-rate residential project in the Brooklyn property The Arches at Cobble Hill; expands development presence into all four outer boroughs.
Exceeds 1 Million square feet of commercial real estate developed in the New York metropolitan area with the completion of Triangle Junction, a Target-anchored shopping center in Brooklyn..
Deepens capital markets expertise through its first instituional equity partnerships and tax-credit financings, increasing development bandwidth and abilities to finance complex project; expands development presence into New Jersey.
Completes first project financed with New Markets Tax-Credits (NMTC) and awarded first LEED Silver Certification with the opening of Triangle Plaza Hub in the Bronx.
Broadens development and capital markets capabilities through construction of first highrise, multi-family projects; construction of first single-family and townhome projects; and execution of first Tax-Increment Financing (TIF) and Low Income Housing Tax-Credit (LIHTC) financings.
Completes first mixed-use, multi-story industrial and self-storage building in the country with the delivery of Terminal Logistics Center in Queens.
Triangle delivers its first 30+ story building with the 40-story 111 Willoughby.
Our Team
Sincerity. Respect. Loyalty.