The owner of Dash's Market has bought a former bank branch at Hertel and Starin avenues for $500,000, amid expectations its Hertel Avenue store just down the street will expand.
Dash Properties this week bought 1726 Hertel, home to a former First Niagara Bank branch, from Hoegel Real Estate Holding LLC, according to county property records. The First Niagara branch closed in October, as part of a wave of closings related to KeyBank's acquisition of First Niagara.
The property is immediately west of the block where Dash's Market operates a supermarket and adds to a string of properties the grocery store now controls along Hertel Avenue.
Neighbors have speculated that the store, on the block between Starin and Voorhees avenues, will expand. Mark Mahoney, Dash's director of operations, could not be reached to comment on the purchase Friday, but has previously declined to discuss a possible expansion.
Steven Caprow, a chiropractor whose office is adjacent to the Dash's store, also sold his property to Dash and is moving to 3404 Main St., across from the University at Buffalo's South Campus, effective Monday. Friday was moving day for his business.
Caprow said he expects Dash's will expand. He said he has talked with the owner for a few years about a possible sale of his property, and decided the time was right to make the deal.
The rest of the property on the Hertel block is owned by Hertel-Starin Properties, an entity registered to the same address as the supermarket's, according to state records. One tenant, Marco's Italian Deli, moved earlier this year to 1518 Hertel.
Dash's owner, Joe Dash, has long expressed a desire to expand and update the Hertel Avenue location, which is the chain’s oldest. But space constraints have so far prevented him from doing so. The store is hemmed in on all sides by neighboring buildings.
In 2013, Dash took an alternate route toward expansion with the purchase of the nearby Budwey’s Supermarket on Kenmore Avenue. He had planned to transfer operations to the larger, newer store, but ended up staying at the Hertel Avenue location after customers complained.
News Business Reporter Samantha Christmann contributed to this report.