Hauppauge office building sells for $32M

New York /
Jan.January 14, 2019 01:53 PM

Damianos Realty Group, a Smithtown-based investment firm, bought a six-story office building in Hauppauge for $32 million from Briar Meads Capital. The 210,000-square-foot building at 100 Motor Parkway, designed by Mojo Stumer Associates and The Baldassano Architectural Group, was erected in 2002 by developer Tritec Real Estate. Amenities in the building include several conference facilities, a fitness center, a café, an on-site property manager, security and parking. Damianos will have James Acunto of Innersite Interior Design spiff up the building’s lobbies, hallways and bathrooms as part of a planned $10 million in renovations, according to Newsday. Damianos is also looking to make improvements to the parking lot, landscaping, signs, roof and on-site medical gear. Long Island Business News noted that Briar Meads gained control of the building when it bought a $28.65 million CMBS note on the property that was defaulted on by its previous owner, GE Capital. John Finn, director of leasing and acquisitions at Damianos, was the in-house representative for the buyer on the deal, while seller Briar Meads was advised by managing director Seth Berkowitz. [Damianos Realty Group]


Related Articles

arrow_forward_ios
Photo Illustration of Urban Edge CEO Jeff Olson and Sunrise Mall in Massapequa, NY. (Getty, Urban Edge)
Unibail-Rodamco-Westfield sells Long Island mall for $29.7M
Unibail-Rodamco-Westfield sells Long Island mall for $29.7M
Nassau Coliseum and Nick Mastroianni (Getty)
Nassau Coliseum leaseholder Nick Mastroianni touts “pent-up demand” for events, but boost may be temporary
Nassau Coliseum leaseholder Nick Mastroianni touts “pent-up demand” for events, but boost may be temporary
TRD’s favorites wines, spirits and non-alcoholic beverages. (Getty, Amazon,
These nine drinks will help you toast the new year
These nine drinks will help you toast the new year
Nassau County residents impacted financially by the pandemic will be eligible for rent relief (Getty)
Nassau County offers $6 million in rent relief
Nassau County offers $6 million in rent relief
Suburban condos get competitive
Suburban condos get competitive
Suburban condos get competitive
23 Ezekillis Hollow in Sag Harbor (Photos courtesy of Compass)
Year’s most expensive home in Sag Harbor sold for $15M
Year’s most expensive home in Sag Harbor sold for $15M
Mahnaz Zahedi pictured with her parents in 1962 (inset) and  444 E Alexander Palm Road (Getty, Zillow)
Hotelier buys waterfront Boca Raton home for $6M
Hotelier buys waterfront Boca Raton home for $6M
Long Island is aiming to keep the business it grabbed from the city during the pandemic, and it now knows how. (iStock)
Long Island plots to keep its pandemic gains from NYC
Long Island plots to keep its pandemic gains from NYC
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...