Report: 2 Commercial Real Estate Firms Merge

Two commercial real estate brokerage firms have merged, Long Island Business News reported this week.

Industry One Realty of Melville and AIRECO Real Estate of Hauppauge made the deal.

Robert Desmond, president of AIRECO, will join Industry One’s Melville office as executive vice president and will assist in managing and mentoring the merged firm’s 15 brokers and sales agents, according to a company statement.

Mario Asaro, who will continue to serve as president of Industry One, said  the merger allows him to focus on his “growth plan to open additional offices in new markets in the near future as well as start a property management division.”

AIRECO merges with Industry One

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