Posted on July 27, 2018
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 visibility and accessibility. Through an aggressive marketing program we plan on leasing up the center to local / regional and national tenants and building upon the success of the current tenants”. M. Parisi was represented in this transaction by Deborah Cox and Damianos Realty Group LLC was represented by X. Cristofer Damianos
For rental information contact John Finn at (631) 360-9000 x 207.
About Damianos Realty Group
Damianos Realty Group LLC is a family run commercial real estate company that owns and manages over a million square feet of property throughout Long Island. The company was formed in 1968 by the late Dr. Xenophon Damianos and is currently managed by his three sons, X. Cristofer, John, and Pelops. Today, Damianos Realty Group upholds a strong position in the Long Island real estate market, with 21 properties throughout Nassau and Suffolk Counties. Damianos Realty Group LLC has created successful development projects in Babylon, Centereach, Center Moriches, Smithtown, St. James, Lake Grove, Setauket, Patchogue, Port Jefferson Station, Stony Brook, Smithtown, Westbury, Islandia and Melville. The company is proficient in development and re-development, construction, property management, architectural and engineering design, and leasing. By catering to the specific needs of each tenant, Damianos Realty Group ensures the highest level of satisfaction in state-of-the-art work environments. For more information on Damianos Realty Group LLC go to www.DRGRealty.com or call (631) 360-9000.