Long Island’s Latest Commercial Moves: From Pizza Huts to Auto Parts Warehouses

Long Island’s commercial real estate market is kicking off 2026 with an impressive wave of activity, stretching from Medford to Franklin Square and beyond. Industrial leases, retail acquisitions, and mixed-use purchases all highlight neighborhoods that continue to evolve and adapt to today’s business needs. Each new deal adds to the island’s story—one of resilience, opportunity, and constant reinvention.

These transactions, originally reported by Long Island Business News, show a market that is anything but slow. Whether you’re a real estate student, a seasoned agent, an investor, or exploring a new professional path, staying informed about regional shifts like these is invaluable.

Industrial Momentum in Medford

At 22 Industrial Blvd. in Medford, Facema New York Inc. has secured 3,000 square feet of industrial space. The deal was handled by Michael Zere of Zere Real Estate Services—representing both tenant and landlord, TDS Realty Inc. Industrial demand across Suffolk County continues to mirror national trends in logistics growth and supply chain repositioning.

Neighborhood Retail Thrives in Bohemia

A fully occupied, seven-store retail strip at 1087–1099 Smithtown Ave. sold for $1.82 million. With a cap rate of 7.3% and a diverse group of tenants, this deal highlights the strength of community-based retail. Petrakis Properties secured the property with representation by Adam Silber, while Abraham Adjmi represented the seller.

Pizza Hut’s New Wave in Centereach

ARF Group has leased a 2,500-square-foot space at 1707 Middle Country Road to continue rolling out Pizza Hut’s modern DELCO concept—delivery and carryout only. This is part of a broader shift toward compact, efficiency-driven restaurant models. Tenant representation was led by Rachel Butiu, and landlord representation by Peter Dilis of MVC Properties.

Mixed-Use Movement in Melville

Meinergy LLC purchased a two-story mixed-use property at 707 Walt Whitman Road for $1.125 million. With first-floor retail and vacant office space above, the building presents strong repositioning potential. Buyer representation came from Viola Deng, with Scout Realty Group representing the seller.

Patchogue Welcomes an Auto Expansion

A 10,000-square-foot building at 611 Sunrise Highway sold for $2.85 million and will soon serve as an auto parts warehouse. The structure, once home to Harrow’s and later an irrigation supplier, continues its evolution with buyer and seller represented by Jason Merrell of Island Associates Real Estate.

Bank-Leased Properties Draw Investors

Hermes Management LLC acquired Citizens Bank–occupied properties in Franklin Square and West Caldwell, N.J., totaling $7.25 million. With cap rates between 5 and 5.28 percent, these stable net-leased assets show continued investor confidence in bank-anchored real estate. Dylan Silber represented the seller in both deals.

Friendly’s Holds Ground in East Islip

A 3,000-square-foot East Islip Friendly’s—one of only nine remaining on Long Island—has sold for $1.8 million. The property features a triple net lease lasting until 2037, with renewal options intact. Both buyer and seller were represented by Dylan Silber.

What This Means for Professionals

From industrial reshuffling to resilient retail and franchise-backed stability, Long Island’s commercial landscape is rich with opportunity. Whether you’re analyzing investment trends or learning the market as part of your educational journey, these shifts offer valuable insight.

To view the original report and explore even more regional insights, visit Long Island Business News.