AIRECO agrees to merge with Industry One Realty

Two local commercial brokerages announced their merger last week. AIRECO Real Estate’s president, Robert Desmond, will join Melville-based Industry One Realty as an executive vice president and help manage and mentor that firm’s team of 15 brokers and sales agents. Industry One’s president, Mario Asaro, will continue in his role, but focus more on expanding the business in new markets. Desmond said he had received interest from several brokerage firms for years and had been reluctant about joining Industry One until recently. “Timing was right and Industry One seemed like the best fit,” Desmond said. [LIBN]