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CTG takes Knox Mansion off the market

The Knox Mansion – one of Buffalo's grand mansions from a century ago – is no longer for sale.

Two years after putting the Delaware Avenue mansion up for sale as part of a cost-cutting plan to consolidate its Buffalo operations, Computer Task Group has taken the elegant building off the market and plans to keep it as the information technology firm's headquarters, company officials said Tuesday.

CTG had an asking price of $3.3 million on the 48,000-square-foot mansion, located at 800 Delaware Ave.

The company, which has had its headquarters in the mansion for 39 years, put the building up for sale in 2015, initially with hopes of consolidating its operations in its nearby three-story office building at 700 Delaware Ave.

But CTG executives later changed their minds and put both buildings on the market. CTG continues to try to sell the 700 Delaware building, currently listed for $3.2 million, said John M. Laubacker, CTG's chief financial officer.

If CTG is able to find a buyer for its 700 Delaware office building, it plans to shift the roughly 70 people who work there over to the Knox Mansion, Laubacker said.

"Right now, we think the viability is with selling the office building," he said.

Consolidating CTG's local offices in the Knox Mansion would save the company about $500,000 a year, Laubacker said.

The French Baroque-style mansion, which was built for Grace Millard Knox, the widow of Seymour H. Knox, had 25 rooms under its original configuration and was designed by Charles Pierrepont H. Gilbert, the architect of many houses along New York City’s Fifth Avenue.

Construction on the mansion began in 1915 and took three years to complete at a cost of $600,000. The mansion stayed in the Knox family until 1969, when it was purchased by the Montefiore Club, a private men’s association that later added a gymnasium, squash courts and locker room to the rear of the structure before falling on hard financial times. CTG bought the mansion in 1978 for $1.3 million.
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