The Buffalo Lakeside Commerce Park in South Buffalo may get a couple more big tenants taking up significant acreage, as a pair of unrelated companies are looking to buy 22 acres of land in two separate deals.
Buffalo Urban Development Corp. officials said Tuesday that the companies, which they would not identify, are close to signing two nonbinding letters of intent to purchase the land from the city agency, which has overseen the development and management of the sprawling business park on reclaimed waterfront land near Lake Erie.
BUDC President Peter Cammarata said one company would acquire a 17-acre lot, although all but six of the acres are wetlands that can't be used for anything. The other is looking at a five-acre parcel.
Officials plan to bring the proposals to the agency's Real Estate Committee next month before they come to the full board.
Located along the Union Ship Canal, the 105-acre former steel-making site along Fuhrmann Boulevard and Tifft Street was cleaned up as a brownfield and prepared for reuse under BUDC's direction. In total, the state, county, city and National Grid invested over $30 million in the project.
To date, Sonwil Distribution, CertainTeed Corp. and Cobey Inc. are the major tenants in the park, where they now employ about 400 workers. Sonwil, a warehouse provider and transportation broker, constructed a 300,000-square-foot warehouse on 52 acres, including 14 acres of wetlands. CertainTeed, which makes PVC fence and building products, built a 270,000-square-foot facility on 25 acres. And Cobey, which makes specialty piping systems and compressor packages, erected a 90,000-square-foot building on 12 acres.