{"id":1004124458,"date":"2015-08-03T04:21:58","date_gmt":"2015-08-03T12:21:58","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=356885"},"modified":"2020-04-21T01:29:29","modified_gmt":"2020-04-21T09:29:29","slug":"damianos-realty-grabs-more-space-in-the-village-of-the-branch","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/damianos-realty-grabs-more-space-in-the-village-of-the-branch\/","title":{"rendered":"Damianos Realty Grabs More Space in the Village of the Branch"},"content":{"rendered":"

By Veronica Grecu, Associate Editor<\/em><\/p>\n

A family-owned and operated commercial real estate company has expanded its portfolio in the Greater New York City area with a new acquisition.<\/p>\n

\"50<\/a><\/p>\n

50 Route 111 – Smithtown NY<\/p>\n<\/div>\n

Damianos Realty Group LLC<\/a> picked up a 30-year-old office property located at 50 Route 111 in Smithtown, in north central Long Island. The $10.62 million transaction was brokered in-house by John Finn, director of leasing and acquisitions at Damianos. John LaRuffa of NAI Long Island<\/a> represented the seller, Fairfield Properties<\/a> of Melville, New York.<\/p>\n

According to PropertyShark<\/a> data, Fairfield Properties had purchased the 4.25-acre property in 2004 for $7.4 million.<\/p>\n

Located on the west side of State Route 111 and within Damianos Realty\u2019s geographic business scope, the three-story building will be the company\u2019s sixth office property in Smithtown\u2019s Village of the Branch community. The 50,000-square-foot facility was 96 percent occupied at the time of sale. The tenant roster includes various corporate and medical tenants such as Merrill Lynch, New York Commercial Bank, the law firm Devitt Spellman Barrett LLP and State Assemblyman Michael Fitzpatrick.<\/p>\n

Damianos Realty also announced it has selected Mancini Architecture<\/a> to redesign the building\u2019s exterior and lobby. The Class A office facility will get a new roof, new mechanical equipment, revamped bathrooms, elevators and hallways, as well as an upgraded landscaping and parking space.<\/p>\n","protected":false},"excerpt":{"rendered":"

A family-owned and operated commercial real estate company has expanded its portfolio in the Greater New York City area with a new asset acquisition.<\/p>\n","protected":false},"author":258,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1600,21742],"tags":[],"class_list":["post-1004124458","post","type-post","status-publish","format-standard","hentry","category-new-york","category-latest"],"acf":[],"yoast_head":"\nDamianos Realty Grabs More Space in the Village of the Branch - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/damianos-realty-grabs-more-space-in-the-village-of-the-branch\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Damianos Realty Grabs More Space in the Village of the Branch\" \/>\n<meta property=\"og:description\" content=\"A family-owned and operated commercial real estate company has expanded its portfolio in the Greater New York City area with a new asset acquisition.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/damianos-realty-grabs-more-space-in-the-village-of-the-branch\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-08-03T12:21:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-21T09:29:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/50-Route-111-Smithtown-NY.jpg\" \/>\n<meta name=\"author\" content=\"Veronica Grecu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@VeraGrecu\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/damianos-realty-grabs-more-space-in-the-village-of-the-branch\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/damianos-realty-grabs-more-space-in-the-village-of-the-branch\\\/\"},\"author\":{\"name\":\"Veronica Grecu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/e8362e8641769829162f16fe58091f62\"},\"headline\":\"Damianos Realty Grabs More Space in the Village of the Branch\",\"datePublished\":\"2015-08-03T12:21:58+00:00\",\"dateModified\":\"2020-04-21T09:29:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/damianos-realty-grabs-more-space-in-the-village-of-the-branch\\\/\"},\"wordCount\":226,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/damianos-realty-grabs-more-space-in-the-village-of-the-branch\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/07\\\/50-Route-111-Smithtown-NY.jpg\",\"articleSection\":[\"New York\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/damianos-realty-grabs-more-space-in-the-village-of-the-branch\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/damianos-realty-grabs-more-space-in-the-village-of-the-branch\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/damianos-realty-grabs-more-space-in-the-village-of-the-branch\\\/\",\"name\":\"Damianos Realty Grabs More Space in the Village of the Branch - 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