News & Press

LIBN: Hauppauge office building sells for $32M

Damianos Realty Group has closed on its $32 million purchase of a six-story office building in Hauppauge. Built in 2002, the 210,000-square-foot building at 100 Motor Parkway is on 10.36 acres. It is one of two twin buildings developed on the site by Tritec Real Estate. Tritec built the 200,000-square-foot building next door at 102 Motor Parkway in 2007 and sold it to Teachers Federal Credit Union in 2010 for more than $40 million. Designed by architects Mojo Stumer Associates and the Baldassano Architectural Group, 100 and 102 Motor Parkway made the list of LIBN’s 10 best business addresses in 2008. The building at 100 Motor Parkway is currently about […]

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Newsday: Smithtown real estate firm buys Hauppauge building for $32 million

Smithtown-based real estate firm Damianos Realty Group has purchased a six-story office building in Hauppauge for $32 million. The 210,000-square-foot building, located at 100 Motor Pkwy., was built in 2002 and overlooks the Long Island Expressway. Damianos, which plans to make additional investments to update the property, purchased the building from BM-12 Holding Company LLC. “We try to find buildings with really good bones and we spend a lot of time, effort and money and we try to make them as good as they can be,” said X. Cristofer Damianos, principal of Damianos Realty. “It really is a nice building. We’ve always eyed it.” Damianos said his company plans to […]

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Damianos Realty Group LLC Acquires Floyd Harbor Retail Center

Shirley NY. (July 26, 2018) — Damianos Realty Group LLC today announced the acquisition of the Floyd Harbor Retail Center. The center, located at the corner of Montauk Highway and William Floyd Parkway is 64,000 square feet and sits on 6.2 acres of land. The seller was M. Parisi & Son Construction Company, Inc. The retail center was built by Parisi in 2007. It is currently 17% occupied by tenants Applebee’s and AT&T. This acquisition is the second retail center in Damianos Realty Group’s portfolio; the first being Center Moriches Square, Center Moriches, NY. X. Cristofer Damianos says, “This corner location at the heart of the Shirley Mastic corridor features excellent […]

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