Selling Points: Notable real estate deals in Buffalo Niagara - The Buffalo News
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Selling Points: Notable real estate deals in Buffalo Niagara

Some recent notable real estate deals in the Buffalo Niagara region:

1) Location: 746-796, 750, 800, 820, 880, 890 & 900 Young St. and 100 & 150 Niagara St., City of Tonawanda

Price: $22.1 million, in three transactions

Buyer: Cofinance Inc., through TG-CoTops Youngmann NY LLC

Seller: Cole Real Estate Investments and Cofinance Group SA of France, through Cole/CoTops Youngmann NY LLC

Planned Use: Investment and continued operation as retail plazas anchored by Tops Friendly Markets stores. Cole Real Estate Investments, a real estate investment trust (REIT) was bought out in February by American Realty Capital, another REIT. Besides Tops, other tenants of the plazas include Big Lots, BJ’s Wholesale Club, McDonald’s, Gander Mountain, Texas Roadhouse, Family Dollar, Mighty Taco, Dairy Queen, Supercuts and Advance Auto Parts.

2) Location: 45 & 55 Spindrift Drive, Amherst

Price: $16.25 million

Buyer: Dr. Thomas Summers and others, through Spindrift Medical Park LLC

Seller: John J. and Dr. Janet Sung, through Windsong Medical Park LP

Planned Use: Continued operation of Windsong Radiological Group PC by other doctors in the practice, after retirement of the Sungs, who founded and owned the medical practice.

3) Location: 4080-4100 Maple Road, Amherst

Price: $16,152,316

Buyer: 4080-4100 Maple Road Holdings LLC

Seller: Benderson Development Co., through MSF Maple LLC, in foreclosure

Planned Use: Foreclosure of the 8.3-acre Maple Crossings Plaza by CWCapital Asset Management LLC, the special servicer for U.S. Bank, as trustee for the investors who own the mortgage-backed security that includes the loan on the plaza. CWCapital will now reposition the property for resale.

4) Location: 173 Glen Ave. or 5500 Main St., Williamsville

Price: $7.55 million

Buyer: Frank J. Campofelice of Cheektowaga, through 5500 Williamsville Center LLC

Seller: Obletz family, through 5500 Main Street LLC

Planned Use: Investment. Property is the three-story, 84,000-square-foot Williamsville Executive Center, which had been owned by the Obletz family and managed through the family-owned First Amherst Development Group LLC.

5) Location: 20 Waterfront Circle and 60 La Riviere Drive, Buffalo

Price: $7.2 million

Buyer: Dr. Fadi Dagher, through D&S Capital Real Estate LLC

Seller: Pioneer Companies of Syracuse, through 50-60 Lakefront Boulevard LLC

Planned Use: Investment. Properties are a pair of Waterfront Village office buildings in downtown Buffalo. Dagher is a Buffalo General Medical Center surgeon who has also become a real estate investor, after teaming up with downtown developer Roger Trettel and Middle Eastern firm Byblos Hospitality Group of Dubai to buy the former Holiday Inn Resort & Conference Center on Grand Island out of foreclosure in 2012 for $4.4 million and then convert it to the Byblos Niagara Resort & Spa.

6) Location: 4747 Transit Road., Lancaster

Price: $6.8 million

Buyer: Peter Abramson of New Rochelle, N.Y., through 327-42 Forestream LLC

Seller: Paul Cleeman and PDQ Properties Corp. of Hallandale, Fla., through PDQ Forestream Center LLC

Planned Use: Investment. Property is the Forestream Center neighborhood strip plaza in Lancaster, which is 93 percent occupied, with 63,000 square feet of space, plus apartments. M&T Bank and People Inc. are among the tenants.

7) Location: 2309 Eggert Road, Tonawanda

Price: $5 million

Buyer: LLD Enterprises of Rochester, through Sheridan Plaza LLC

Seller: DDR Corp. of Cleveland, through BG ODP Tonawanda LLC

Planned Use: Investment and continued operation of Sheridan Plaza. DDR, a publicly traded REIT, had purchased the property from Benderson Development Co. in 2004 as part of a major purchase of 110 shopping centers.

8) Location: 1625 Broadway St., Buffalo

Price: $3.2 million

Buyer: William Pymm and Pyco Propertes LLC of Long Island City, through Pyco 1625 Broadway Street LLC

Seller: Robert Zarin and others, through 1625 Broadway LLC of Brooklyn

Planned Use: Investment. Property is a Rite Aid pharmacy at Broadway and Bailey Avenue. Pymm is the president and owner of Dawnex Industries and Redyref, a New York City-based maker of electronic touchscreen information display kiosks that are installed in places such as the Buffalo Niagara and Niagara Falls international airports, among others.

9) Location: 396, 400 & 410 Kenmore Ave. and 39 Seattle St., Buffalo

Price: $3 million

Buyer: Joseph P. Dash, through DMKP LLC

Seller: Frank S. Budwey, through PLPL Development LLC

Planned Use: New location for Dash’s Markets, in former Budwey’s grocery store. Budwey sold the store and real estate to Dash and had planned to sell his other two stores in North Tonawanda and Newfane to Olean Wholesale Grocery Cooperative, but later reversed course and decided to keep those stores instead.

10) Location: 3770 Union Road, Cheektowaga

Price: $2,028,090

Buyer: Raymour & Flanigan Real Estate of Liverpool, N.Y., through Campus Asset Holdings LLC

Seller: Paul F. Rosa, through 3770 Union Road LLC

Planned Use: Possible new Raymour & Flanigan furniture store. Buyer is the real estate arm of furniture retailer Raymour & Flanigan, the largest furniture retailer in the Northeast. It buys and leases malls, plazas and other retail properties that can be used for one of its stores, while leasing out extra space in the buildings or centers for other tenants. Seller is the former owner and operator of Rosa’s Home Store, which went bankrupt and closed four years ago, and then Home Furniture Gallery, another furniture store that Rosa family members started in former Rosa’s locations. It has now also gone bankrupt and closed.

11) Location: 826 Elmwood Ave., 615 West Ferry St., 173 Summer St., 577 Richmond Ave., 178 Ashland Ave., and 565 W. Delavan Ave., Buffalo

Price: $2.025 million($410,010, $410,010, $359,991, $299,986, $384,993 and $160,010)

Buyer: Louis C. and Dennis S. Greco, through Natalia Properties LLC of Buffalo

Seller: Anthony C. Piccione, through Great Lakes Management Group LLC of Amherst

Planned Use: Investment. Properties are five apartment buildings on five streets and a single-family home on Delavan. The Grecos are commercial real estate brokers and also investors.

12) Location: 3175 Orchard Park Road, Orchard Park

Price: $1.875 million

Buyer: Angelo and Liliana Bancic of North Merrick, N.Y.

Seller: Rajeev Singh Gill, through GHLDS #6 LLC of Lubbock, Texas

Planned Use: Investment. Property is a 2,806-square-foot Taco Bell restaurant on 0.88 acres, with a long-term lease. Gill is co-founder, president and CEO of Gill Holdings, a private-equity investment holding company in West Texas that specializes in commercial real estate development and investment, fast casual restaurant franchising, venture capital and passive private equity investments, according to its website.

13) Location: 9180, 9122 and 9126 Curry Lane; 5956, 5984 and 6012 Corrine Lane; and vacant land on Donegal Manor and Kilkenny Manor, Clarence

Price: $1.848 million

Buyer: Paul Bliss, through Waterford Estate Lots LLC

Seller: Kevin Michael Patrick Curry and Patrick Companies, through Patrick WV LLC

Planned Use: Likely future housing development. Property totals 18.29 acres of land, including as designated already for the Waterford Estates housing development. Curry and Bliss had been business partners in Patrick Homes and Patrick Development, until those companies went out of business and Bliss started his own company, Bliss Construction.

14) Location: 75 Ransier Drive, West Seneca

Price: $1.75 million

Buyer: Jack Cooper Holdings Corp., through Jack Cooper Transport Company Inc. of Kansas City

Seller: Allied Systems Holdings Inc., through Allied Systems Ltd. LP of Atlanta

Planned Use: Continued operation of trucking facility, on 20.62 acres. Allied, a leading U.S. car hauler in Chap. 11 bankruptcy, agreed in September 2013 to sell most of its assets to Jack Cooper for $135 million to create the largest automotive transportation company in North America. Both companies deliver cars from manufacturers to dealerships.

15) Location: 4199 Union Road, Cheektowaga

Price: $1,722,192

Buyer: Six Foot Hero LLC of Dobbs Ferry, N.Y.

Seller: Carrols Restaurant Group of Syracuse, through Carrols LLC

Planned Use: Investment and continued operation of 2,809-square-foot Burger King restaurant franchise, on 0.85 acres, with long-term lease. Carrols is one of the nation’s largest restaurant operators, with more than 576 restaurants in 16 states, and the largest Burger King franchisee, with 314 locations.

16) Location: 4019-4025 Genesee St., Cheektowaga

Price: $1.575 million

Buyer: Benderson Development Co., through Trahwen-F LLC and Trahwen-G LLC

Seller: Ciminelli Real Estate Corp., through Concourse Center II LLC

Planned Use: Likely redevelopment of two parcels of vacant land near Buffalo Niagara International Airport, consisting of a 1.3-acre parcel at Genesee Street and Buell Road, and an 8.6-acre parcel further back behind the Hampton Inn and Holiday Inn hotels. The property was auctioned on Jan. 11. Benderson already owns or is developing several hotels in that area, while Ciminelli used to own and manage the nearby Concourse Center, a 461,735-square-foot warehouse facility at 4039 Genesee St. that was sold to McGuire Development Group in late 2012.

17) Location: 323-331 Southside Parkway, Buffalo

Price: $1.55 million

Buyer: Sandeep Pal, through South City Realty LLC of Getzville

Seller: John A. Santor, through 323/331 Southside Pkwy LLC of Getzville

Planned Use: Investment. Property is a 32-unit, 18,000-square-foot apartment complex with four brick buildings. All apartments are two-bedroom units. Located off McKinley Parkway and Abbott Road.

18) Location: 295 Niagara St., Buffalo

Price: $1,350,276.01

Buyer: Schneider Development of Buffalo, through Niagara Street Buffalo LLC

Seller: Frederic J. LoFaso of Buffalo, through Fairmount Development Inc.

Planned Use: Historic redevelopment of 60,000-square-foot former Turner Brothers building into mixture of 35 to 40 apartments, with a rooftop deck and extensive views, and ground-floor retail space. Constructed in phases starting in 1848. Located a few blocks northwest of Niagara Square and City Hall, and not far from the current or planned headquarters of New Era Cap Co., HealthNow New York and Delaware North Companies. Construction on $10 million project is expected to start in late summer, and will be completed by summer 2015.

19) Location: 392 Kenmore Ave., Buffalo

Price: $1.35 million

Buyer: Benderson Development Co., through Engleken Associates LLC

Seller: Michael A. Ervolina Jr., through Kenmore-Englewood Properties LLC of Buffalo

Planned Use: Property is a 17,430-square-foot retail neighborhood strip center, on 2.1 acres, at Kenmore and Englewood avenues. Ervolina is the president of Valu Home Centers Inc., which has a store at 396 Kenmore.

20) Location: 340 & 350 Nagel Drive, Cheektowaga

Price: $1,210,800

Buyer: Michael Vitch/Compu-Mail of Grand Island, through 340/350 Nagel Drive LLC

Seller: James J. Sabio, through Sabio Properties LLC of Cheektowaga

Planned Use: Continued operation of commercial printing business Dual Print & Mail LLC, which was formed in February from the merger of Dual Printing Inc., owned and run by Sabio, and Vitch’s Compu-Mail LLC on Grand Island. Together, the two companies employ 165 and will continue to operate independently. Properties are a pair of industrial warehouses on 1.1 acres each, home to Dual Print and Tartan Textile.

21) Location: 3394 Union Road, Cheektowaga, and 3280 Sheridan Drive, Amherst

Price: $1.1 million

Buyer: Commercial Contracting Company Inc. of Millwood, N.Y., through North Syracuse Land Partners LLC

Seller: Cole Muffler Realty LLC of Syracuse

Planned Use: Properties are Mavis Tire/Cole Muffler locations at Union Road and Walden Avenue in Cheektowaga and near Sheridan Drive and Bailey Avenue in Amherst. Commercial Contracting, located in Westchester County, is a property contractor specializing in commercial, industrial and retail construction in the tri-state area. It works frequently with Mavis Discount Tire of Mount Vernon, N.Y., which acquired Cole Muffler Brake of Syracuse in 2008.

22) Location: 959 Broadway, Buffalo

Price: $1.075 million

Buyer: Arthur Bisone of Buffalo, through Bison Claremont Assoc. Inc.

Seller: Mark Aquino, through 959 Taka Inc. of Lancaster

Planned Use: Investment. Property is the 50,000-square-foot Mitchell Square Apartments, a four-story, 30-unit complex built in 1988, with 10 apartments each on three floors and 12,000 square feet of commercial space on the first floor. Includes 27 two-bedroom and three one-bedroom units. It’s two blocks from the Broadway Market.

23) Location: 835 Hopkins Road and 21 Klein Road, Amherst

Price: $1.01 million ($875,000 and $135,000, respectively)

Buyer: Robert Kiltz of Syracuse, through RJK Buffalo Properties LLC

Seller: Dr. David I. Kurss, through Women’s Wellness Center LLC of Williamsville

Planned Use: Building is home to Women’s Wellness Center, a practice led by Kurss.

24) Location: Vacant land at Goodrich and Herr roads, Clarence

Price: $1 million

Buyer: Town of Clarence

Seller: Carlton E. and Sue M. Thompson and Thompson Family Trust

Planned Use: Either preservation of 77 acres of vacant land as “green” space or possible expansion of adjacent town facilities on some of the land. Thompson, who died in 2012, had sought several years ago to develop the land into a 16-lot subdivision.

25) Location: 160 & 168 W. Main St., Springville

Price: $1 million

Buyer: Chaim Lowenbraun, Ernest Schlesinger, David Janklowicz, Israel Sherman and Jeffrey Goldstein, through ISJ Realty LLC of Roslyn Heights, N.Y.

Seller: Michael Birnbaum, Ronnie Burns, and David and Judi Jones, through BJ Fiddlers Green Realty Corp. of Woodcliff Lake, N.J.

Planned Use: Continued operation of Fiddlers Green Manor Nursing Home, an 82-bed Medicare and Medicaid facility with 78 residents, formerly operated by Hart Associates of Springville, which filed for bankruptcy. Hart agreed to sell its operating interest to JSSG Healthcare LLC, owned by Jeffrey Goldstein as managing member and Chaim Lowenbraun, for $545,000, while selling the property to ISJ, which is half-owned by Lowenbraun. The facility, on 1.3 acres, offers 24-hour skilled nursing care, rehab and physical, occupational and speech therapy. The buyers already own and operate other nursing homes on Long Island and in Niagara Falls. Goldstein also manages four other downstate nursing homes, while Lowenbraun owned a durable medical equipment provider.

26) Location: 75 Mid-County Road, Orchard Park

Price: $914,242

Buyer: John Ruh, through Ruh Management Inc. of Orchard Park

Seller: Vilasini Menon, through Menon Realty Inc./South Towns Tennis Center Inc. of Orchard Park

Planned Use: Uncertain. Property is a 44,960-square-foot health club on 3.3 acres, and is home to the Southtowns Tennis Center and Children in Action Gymnastics.

27) Location: 1276 Military Road, Tonawanda

Price: $800,000

Buyer: Shanor Electric Supply of Buffalo, through JJJ Shanor LLC

Seller: Mary Ellen Murray of Buffalo, by executors Daniel P. Murray and Julie Melton

Planned Use: Uncertain. Property, consisting of five parcels, has a 50,513-square-foot light industrial warehouse, built in 1955 on 1.96 acres.

28) Location: 1093 Delaware Ave., Buffalo

Price: $620,000

Buyer: Laranjeira Properties LLC of Greenwich, Conn.

Seller: Eugene E. Cunningham of Buffalo

Planned Use: Investment. Property is a 7,146-square-foot, five-unit apartment building on 0.28 acres, in the Delaware District, between Lexington and Highland avenues.

29) Location: 25, 27-48 Newberry Lane, Lancaster

Price: $603,750

Buyer: Marrano/Marc Equity Corp.

Seller: Pleasant Meadows Associates LLC

Planned Use: New home development for ongoing Pleasant Meadows community.

30) Location: 64 N. Forest Road, Amherst

Price: $585,000

Buyer: Paul B. Iskalo, through Iskalo Office Holdings V LLC of Williamsville

Seller: Timothy J. Prise/First Prise Properties of Williamsville, through Niagara Villas Inc.

Planned Use: Property is the 2,300-square-foot, two-story Park Club Office Building, between North Forest Road and Park Club Lane, off Main Street in the Village of Williamsville. The vacant red siding-and-gray-stone building was constructed on one acre in 2003. The property, which also includes a single-family home, is set up as multiple offices, a kitchen, two full bathrooms, a two-story atrium, and a lobby or foyer, with parking for about 15 cars. First Prise is a property investor and developer, mostly for multi-family apartment buildings, wihle Iskalo is a full-service commercial developer.

31) Location: 594 Main St., East Aurora

Price: $585,000

Buyer: Mark Jaworski, through 594 Main Street LLC of East Aurora

Seller: Frank DuMond, through Future Fitness Inc. of Orchard Park

Planned Use: Likely continued operation of health and fitness club EA Fitness. Property is a 7,731-square-foot one-story red stone building, on 0.59 acres.

32) Location: 5799 and 5811 Genesee St., Lancaster

Price: $575,000

Buyer: Steven Bedford, through Adams Farms LLC of Lancaster

Seller: Jack Donim and Adams Nurseries Inc. of Lancaster

Planned Use: Continued operation of Adams Nurseries.

33) Location: 5355 Main St., Williamsville

Price: $500,000

Buyer: Timothy J. Prise/First Prise Properties of Williamsville, through Niagara Villas Inc.

Seller: Edward J. Marecki of Amherst

Planned Use: Investment. Property is a commercial office and retail building, with law offices and a hair salon.

34) Location: 317 Wheeler St., City of Tonawanda

Price: $440,000

Buyer: Peter J. Gruenthaner of Clarence, through Wheeler Holdings LLC

Seller: Neal Wilcox of Tonawanda, through 317 Wheeler Street LLC

Planned Use: Uncertain. Property is two-story, 8,668-square-foot industrial manufacturing building, constructed in 1952 on 1.8 acres. Home of Wilcox Brothers Sign & Awning. Gruenthaner is operations manager at Simmers Crane Design & Service.

35) Location: 4244 N. Buffalo St., Orchard Park

Price: $400,000

Buyer: John Ricotta of Orchard Park, through 32 & 36 Linwood LLC

Seller: James P. and Patricia V. Clinton of Hamburg, through Buffalo-Quaker LLC

Planned Use: Uncertain. Property has been home to Mac’s Village Brewhaus and Orchard Park Lanes bowling alley in the heart of the Village of Orchard Park. Ricotta owns the adjacent Mangia Ristorante & Caffe at 4264 N. Buffalo.

36) Location: 6710 Main St., Amherst

Price: $356,500

Buyer: William Mattar, through EMP Property LLC

Seller: Amherst New York Congregation of Jehovah’s Witnesses

Planned Use: Demolition of former church next to Mattar’s current office and construction of new 19,500-square-foot office building to house Mattar’s new veterans advocacy firm that will employ 20 people initially. The proposed new $3.995 million building, which has been approved by the Amherst Town Planning Board and received nearly $550,000 in tax breaks from the Amherst Industrial Development Agency, could handle up to 80 workers.

37) Location: 519 Richmond Ave., Buffalo

Price: $330,000

Buyer: Joseph S. Forgione of Buffalo, through JSF Property Management LLC

Seller: Alan Abels and Jack and Cindy Brownschidle, through AMB Dysinger Inc. of Buffalo

Planned Use: Investment. Property is a five-unit, 5,554-square-foot all-brick apartment building with a four-car garage, constructed in 1900. Includes four one-bedroom units and one three-bedroom apartment.

38) Location: 6353-6357 Transit Road, Lancaster

Price: $310,000

Buyer: Benderson Development Co., through the Ronald Benderson 1995 Trust and the Randall Benderson 1993-1 Trust

Seller: Dennis N. Casillo of Lancaster

Planned Use: Uncertain. Property consists of 1.5 acres of vacant land.

39) Location: 822 Seneca St., Buffalo

Price: $300,000

Buyer: Howard Zemsky/Larkin Development Group, through Mill Race Commons LLC

Seller: AmeriPride Services Inc.

Planned Use: Uncertain. Property is a vacant, 2.92-acre parcel at the corner of Seneca and Lord streets, near Larkin at Exchange Building. Formerly home to AmeriPride Services’ laundry operations, and previously to American Linen Supply Co., the former light-industrial and dry-cleaning site was razed and the property remediated under the state’s Brownfield Cleanup Program. Zemsky is “land-banking” the property for future use.

40) Location: 40 Riley St. and unspecified land on E. Fillmore Avenue, East Aurora

Price: $300,000

Buyer: Kelly Jones, through The Little Red Tin Roof LLC of East Aurora

Seller: Steven Krastev of Orchard Park

Planned Use: Uncertain. Former home of Village Kitchen Cafe.

41) Location: 840 Seneca St.

Price: $282,500

Buyer: Flying Bison Brewing Company LLC

Seller: 840 Seneca Street LLC

Planned Use: New home for Flying Bison, which will demolish the current facility and construct its new brewery and tasting room.

42) Location: 350 Seneca St., Buffalo

Price: $280,000

Buyer: Dennis Snyder, through Upstate Auto Accessories LLC

Seller: Dennis Snyder, through D&R Automotive Restylers Inc.

Planned Use: Uncertain. Property houses D&R, which is an automotive after-market supplier of accessories such as remote starters, audio, video and navigation equipment, sunroofs, leather seats and other features.

43) Location: 692 Millersport Highway, Amherst

Price: $252,500

Buyer: Plaza One Group Inc.

Seller: First Niagara Financial Group, through First Niagara Realty Inc.

Planned Use: Uncertain. Plaza One, headed by developer Ron Alsheimer, bought the foreclosed property, featuring a 3,750-square-foot professional building, from the bank, which had seized it after the previous owners from Brooklyn defaulted on a mortgage. Property had previously housed Millersport Physical Therapy.

44) Location: 527 W. Ferry St. and 467 Richmond Ave., Buffalo

Price: $170,000

Buyer: 467 Richmond Avenue LLC

Seller: Alleyway Theatre Inc.

Planned Use: Uncertain. Property is former Richmond Methodist Episcopal Church, which closed in 1996 and was purchased by Alleyway in 1998 for $75,000. The historic properties, which Alleyway was seeking to restore into the 24,000-square-foot Upper West Side Arts Center, dates to the late 1800s and features several stained-glass windows. Alleyway had sought to raise $2.4 million and did collect about $1.5 million, but could not complete its goal.

SOURCE: Erie and Niagara county clerks’ offices, buyers, sellers and other records.

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