The Buffalo investment group that recently bought the former Sheehan Residence for Retired Priests from the Catholic Diocese of Buffalo has now acquired a 32-unit apartment building in the Boston Hills of southern Erie County.
Mingo Junction Steel Works, a partnership affiliated with Frontier Group of Cos., paid $2.2 million late last month to acquire the Boston Valley Apartments, located at 8951 State Road in the Town of Boston.
The 37,278-square-foot, two-story brick-and-frame building was constructed in 1969 on 2.43 acres. It was owned by Tina Strnad Peters' Strnad Six LLC.
The buyer includes environmental and land-use attorney Craig Slater, as well as brothers David and Dennis Franjoine and Robert Zuchlewski, who are also the three top executives in Buffalo-based Frontier, an environmental, construction, demolition and development company. The group bought the apartment building as part of a tax-free real estate exchange using proceeds from selling a steel plant in Mingo Junction, Ohio.