A U.S. printing company owned by a Colombian conglomerate has purchased the Lancaster building that already serves as its base of operations and the U.S. headquarters for its parent company.
RMF Printing Technologies, a print services provider, paid $495,000 to buy a cluster of properties at 50 and 33 Pearl St. and at 109 Livingston St., as well as an unspecified parcel on Central Avenue, all in Lancaster just south of Walden Avenue.
The seller is D&D Holdings, an investment group consisting of former RMF owners Donald Owens and Richard Sander.
The 147,000-square-foot building at 50 Pearl, which RMF has occupied for 16 years, serves as the production facility, warehouse and office for RMF and two affiliated companies, Midwest Bank Note Co. and Ogilvie Press. The property includes 13 acres.
RMF specializes in commercial and forms printing for customers throughout the greater Buffalo and Western New York area. Founded in 1982, it started by printing continuous forms but now also makes secured checks, register receipts, letterheads, envelopes, business cards and brochures, as well as bet slips and lottery paper for 13 states nationwide. It employs 75 in all.
Midwest Bank Note, its security division, offers security printing for items such as vital records and car titles for jurisdictions nationwide. Ogilvie specializes in large-format printed materials for architects and engineers.
RMF and its affiliates are owned by Thomas Greg & Sons Ltd., a Bogota, Colombia-based company founded in 1959 that provides products and security services for the banking industry, government and commerce. Thomas Greg bought RMF from Owens and Sander, the former owners.
In particular, RMF specializes in anti-counterfeiting techniques, but also engages in security printing, collection services, security services, courier services and paper-making, with operations in China, Colombia, the United States, India, Mexico, Peru, the Philippines and Venezuela.
The building, which dates back more than 100 years, was originally built by Jefferson Smurfit, an Irish corrugated box maker that used it for its own operations until June 1995. That's when RMF moved from a prior site at Broadway and Bailey Avenue in Buffalo to the Pearl Street location, which it leased since then.
Acquiring the building increases the company's assets and reduces its monthly expenses, since the company has already been responsible for upkeep and maintenance of the building anyway, officials said.
"We are very excited about the close of this sale," said RMF General Manager Kris Valenti. "Purchasing the building that we have occupied for the last 16 years helps put RMF in a prime position for growth."
In other notable property deals:
*Carl Paladino's Ellicott Development Co. paid $28,000 to buy a small property at 1177 Lovejoy St. in Buffalo from the city.
That's the fourth property that the company owns in that stretch of the street, with another currently under contract to close shortly. All are zoned for commercial development and all front on Lovejoy.
The company does not yet have plans for the properties it has assembled, but is working on several options, said Paladino and his son, William, who are chairman and CEO, respectively, of the development firm. They said they have some ideas and are exploring various options, which could include office, residential or retail space, but any final decision is still months away.
The elder Paladino grew up in the small neighborhood and said he still has a fondness for it. He previously built a Rite Aid Pharmacy in the area and said he still tries to help the community in other ways as well. "It's like my favorite little neighborhood," he said. "We'll do the right thing at the right time."
William Paladino said his father initially did a favor for a friend by purchasing his building years ago and then snapped up other parcels over time. The firm had planned to put up a retail building two years ago when it started assembling more land but put that project on hold.
*An entity called True Sky LLC paid $330,000 to buy the Longmeadow Apartments at 60 and 66 Longmeadow Road in Amherst from S30LLC.
The buyer is registered to Jack Turesky of Amherst, while the seller is registered to an address on Roll Road in Clarence Center that is home to the Greenview Team, a group of landscaping and snowplow companies serving Western New York.
The garden-style, two-story apartment complex consists of two brick buildings with four two-bedroom and four one-bedroom apartments. Built in 1958, the complex totals 5,228 square feet on 1.44 acres just east of Niagara Falls Boulevard, and is fully occupied.
*Gail Sanderson of Amherst sold 115-117 and 121-125 Shoshone St. in Buffalo to Shoshone Properties LLC for $379,800. The buyer is registered to an address in East Amherst. The 81-year-old buildings consist of eight two-bedroom apartments.