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CBRE Buffalo executive buys Main Street building

CBRE Buffalo executive buys Main Street building

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The CEO of commercial real estate brokerage CBRE-Buffalo didn't just move her firm to a prominent location on Main Street. She bought it.

Darby Fishkin and her husband, Zair, paid $975,000 to buy the 5,652-square-foot office building at 477 Main in downtown Buffalo on Wednesday, according to real estate records.

That's $172.50 per square foot, for a building without any parking of its own, according to brokers Chris Malachowski and Heidi Nuessle of Hunt Commercial Real Estate, who handled the sale.

The Fishkins are leasing the building – formerly home to Tod Martin's marketing and public relations firm Martin Group – to the Buffalo office of global brokerage CBRE, which Darby Fishkin runs alongside Managing Director Shana Stegner. Martin, the former owner, sold the building after his firm moved to a larger location in the former Levy, King & White building at 620 Main earlier this year.

CBRE Buffalo moves to Main Street

The Buffalo News: Good Morning, Buffalo

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The small motel will be revamped as an independent, "mid-century modern" lodging aimed at younger travelers and will be renamed the Route 62 Motel following a $300,000 rehab, said Larry Best, a certified hotel broker with Buffalo Hotel-Realty, who handled the transaction.

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