Amherst's Benchmark Group has purchased the Colvin-Eggert Plaza in the Town of Tonawanda for $2.3 million.
Martin Della Bovi, Benchmark vice president, said the developer has no immediate plans to make changes at the plaza, which currently has a vacancy level approaching 50 percent.
"We've got to get in there and get an understanding of what's going on with the plaza and get to know the neighborhood," Della Bovi said.
The 104,000-square-foot plaza is currently home to a Big Lots, a closeout merchandiser and the Comix Cafe nightclub, plus a liquor store, dry cleaners and shoe repair shop.
The sale was arranged by Robert Nuchereno of Buffalo's Berlow Real Estate.
Pro-Fac subsidiary to buy snack maker
ROCHESTER -- The Pro-Fac Cooperative has reached an agreement that will allow its Agrilink Foods subsidiary to acquire the assets and business of Seyfert Foods, a 64-year-old Fort Wayne, Ind., producer of potato, corn and tortilla chips and pretzels.
The purchase, expected to be completed late in April, will add $37 million in sales to Agrilink's existing $67 million snack food sales.
In fiscal 1997, Agrilink's sales of processed fruits, vegetables and snack foods reached $731 million. The Seyfert acquisition is Pro-Fac's third in 1998.
Agrilink President Dennis M. Mullen said that the Seyfert purchase will expand Agrilink's regional snack food business and increases sales opportunities for many of Pro-Fac's 600 farmer owners.
Robert V. Call of Batavia is Pro-Fac's chairman.
Partnership names vice chair, directors
The board of directors of the Buffalo Niagara Partnership has elected Patrick P. Lee vice chair of government relations.
Chairman and chief executive officer of IMC Inc., Lee will oversee the organization's government policy and budget priorities.
The Partnership also has appointed four new directors: Paul Crotty, senior vice president, Bell Atlantic; John Jerge, Buffalo plant manager, American Axle & Manufacturing; Paul Koessler, chief executive officer, Alphagraphics; and Jeff Lippert, senior vice president, Merrill Lynch.
McDonald's Restaurant opens new PlayPlace
The McDonald's restaurant at 262 Grider Street will premier a brand new PlayPlace with an Easter egg hunt and ceremony featuring Ronald McDonald from 9 a.m. until 11 a.m today.
Franchise owner James Rice and local officials will cut a ribbon of $100 bills at 11 a.m. The ribbon will then be presented as a donation to Anthony Brown, director of the Back to Basics Outreach Ministry.