An affiliate of Ronco Communications will buy the former Hamister Group building on Delaware Avenue as the headquarters for a startup business that sells interactive white boards for schools and corporations.
Triad Real Properties LLC will acquire the 28,000-square-foot office building at 651 Delaware from Ron Alsheimer's Plaza Group. Officials have not disclosed the price; the deal is expected to close Tuesday.
The facility will house the offices for UC Solutions LLC, a startup "master distributor" of white boards made by Clear Touch of Greenville, S.C., said Pat Finucane, an advisor working with the principal owners of Ronco, Triad and UC Solutions. It will occupy about 2,000 square feet in the building, as it ramps up operations.
The business, which began operating earlier this year, has shipped more than 300 panels to schools in Western New York, as well as a pair of 75-inch boards for University at Buffalo's basketball team, Finucane said. Officials had planned to move into the Innovation Center on the Buffalo Niagara Medical Campus until the opportunity to buy this building came along, he said.
At the corner of Delaware and North Street, across from a Walgreens pharmacy, the two-story Class A office building was constructed in 1968 by Benderson Development Co. It includes a 30-space underground parking garage and 14 surface spaces.
Tonawanda-based Ronco, Grand Island-based Ronco Specialized, Triad and UC Solutions are among a group of seven independent technology companies with similar ownership and roots in Western New York. The companies, which were formed in 1965 by Harry Ronan and Robert Dutschman, are owned by Chris and Patricia Wasp, Ronan's daughter, and Steven Ronan, the founder's son.
The businesses operate from multiple offices in seven East Coast states and employ almost 300 workers. Ronco has 18 offices from Boston to Florida. Triad is the group's real estate investment arm and owns properties in Buffalo, Rochester, Syracuse, Albany and other states. It will acquire the Delaware Avenue building to reinvest proceeds from the sale of a building in Raleigh, N.C.
The building is 65 percent occupied. The new owners plan to keep the existing tenants, but Finucane said officials are also talking to other business partners who have expressed interest in the remaining space.