KABR, CAPSTONE ACQUIRE HAUPPAUGE OFFICE BUILDINGS
HAUPPAUGE, N.Y. — KABR Real Estate Investment Partners and Capstone Realty Group have acquired 330 and 350 Motor Parkway, the gateway office buildings to the Hauppauge Industrial Park. The new owners plan to upgrade the properties, which total 144,000 square feet. The buildings are separated by Marcus Boulevard and are near Long Island Expressway Exits 53 and 55. The buildings are 85 percent occupied and tenants include New York Commercial Bank, First National Bank of Long Island and the Long Island Convention and Visitors Bureau. The Rochlin Organization will serve as the building's leasing agent.