An unidentified electrical contractor has acquired a small industrial facility in Depew from a crypt or grave liner manufacturer, paying $250,000 for the building with two one-ton cranes and four overhead doors.
Atlas Enterprises of WNY LLC purchased the 8,400-square-foot building at 3178 Walden Ave. from R.J. Gullo Properties, a West Seneca investment firm that often serves as a pass-through for real estate transactions. Gullo, in turn, acquired the property for $1 in June from Ideal Burial Vault Co., which had occupied the building until it moved to a larger facility at 1166 Vision Parkway in Corfu.
The buyer is registered to Eric Percy of Depew, a real estate broker with Century 21 Winklhofer in Clarence, who did not respond to a request for comment. David Schiller of Pyramid Brokerage Co. of Buffalo, who handled the transaction, would not confirm Percy’s identity, but said the building was purchased for a local contracting company, which he would not identify.
Such growth by hometown firms is driving the regional economy, he added. “It’s the local companies that are expanding that are generating the activity,” he said. “It’s the mid-sized companies that are making things happen.”
The 1.1-acre property, located near Transit Road, includes plenty of parking and is “ideal for contractors, light distribution or light assembly,” according to Schiller’s marketing brochure for the property. The building itself includes a 500-square-foot office.