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Benderson Development acquires Transit Road site for $865,000

Several property transactions in the Buffalo Niagara region in recent days have totaled more then $2.5 million.

In the most prominent transaction, Benderson Development Co. snapped up a property that is adjacent to its Eastgate Plaza retail mall, home to Walmart, Dick's Sporting Goods and BJ's Wholesale Club stores.

Benderson and an affiliated trust paid $865,000 to acquire a parcel at 5205 Transit Road in Clarence from 5205 Transit LLC, an affiliate of Glen Campbell Chevrolet.

The property, located at the corner of Transit and Greiner roads, used to house a 6,000-square-foot Swiss Chalet restaurant but more recently was used for Glen Campbell Suzuki and the dealership's Used Car Center. It was acquired in 2002 by the dealership from James M. and Ruth Duke for $650,000.

Benderson Vice President Eric Recoon said the property is small but "very strategically located" in front of Eastgate. "We intend to integrate the site into the greater shopping center," he said.

He said officials are "speaking with a couple of potential users now," but there's "nothing signed yet."

In Amherst, 3H Company sold 100 John Glenn Drive to 100 John Glenn Inc. for $784,000.

The 3.29-acre property, located in the Audubon Industrial Park off North French Road, contains a 23,600-square-foot industrial warehouse that was home for years to Service Office Supply. That was a 150-year-old office supply business that was acquired earlier this year by rival Eaton Office Supply Co., creating the biggest independent local provider in that industry.

The deal allowed Eaton to expand into the Medina, Batavia and Meadville, Pa., markets, and gave it more than 3,000 customers across Western New York and Western Pennsylvania. Eaton officials had said it planned to keep all of the Service Office Supply locations open.

But the two companies were headquartered within a block of each other and merged those offices into the Eaton offices at 180 John Glenn. The Hutton family, which owned Service Office Supply since 1962, owned the building at 100 John Glenn.

The warehouse and distribution facility includes a 4,000-square-foot office, 19,600 square feet of warehouse space, 16.5-foot ceilings, a 12-foot grade-level door, two 12-foot truck-level doors, parking and room for expansion, according to information about it on commercial property websiteLoopNet.

Finally, in the City of Lockport, Pulsar Properties LLC paid $1.03 million to buy an apartment complex on Tudor Lane from Swingle Enterprises LLC. Pulsar is registered to Robert Y.K. Leong, of Amherst, while Swingle is controlled by Lea Swingle of Oceanside, Calif. Swingle and her late husband, Edward, had also owned property in California and Arizona.

email: jepstein@buffnews.com

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