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A three-story multifamily property with six apartments in the Elmwood Village has been acquired by a Tonawanda investor. A limited-liability company called 547 Potomac Holdings, controlled by collections firm founder John Chebat, paid $600,000 to buy the 5,838-square-foot house at 547 Potomac Ave. from Marquee Residential, which is owned by Daniel T. Boland of Buffalo. …

A gastroenterologist has sold the Sterling Medical Park office building in Orchard Park to Excelsior Orthopaedics. Excelsior, through a limited liability company called Excelsior Property Holdings III, paid $3.1 million to buy the 3.02-acre property at 260 Redtail Road, with a 16,590-square-foot medical office building that was constructed in 2012. The seller was Dr.…

Amherst

Plans by the Town of Amherst to turn the shuttered former Buffalo Harley-Davidson dealership into a training complex for police took a big step forward this month with the town's purchase of the Bailey Avenue property for $1.7 million. The region's largest suburb acquired the 50,000-square-foot building at 4220 Bailey, which had previously seen life as a bowling alley a…

Business

A partnership that includes the principals of brokerage MJ Peterson Corp. has acquired a senior housing complex in Lockport, adding to the real estate firm's holdings and presenting new opportunities for future development. MJ Peterson and Partners – through 5726 Bowmiller LLC and Windsor Ridge Partners LLC – paid $3.8 million to buy Pinegrove Estates, an independent li…

Amherst

Uniland Development Co. has sold a single-story medical office building on Main Street in Amherst to a Buffalo investor. Kevin M. Prise's Esprit Enterprise LLC paid $1.16 million on Friday to buy the 8,661-square-foot building at 6044 Main from the Amherst-based developer. Esprit is registered to the address of Prise's Buffalo Basic Ingredients, which operates a bake…

Business

A Rochester-based real estate developer has sold an Advance Auto Parts store in the Town of Niagara to a New England investor. B Sharp Realty of Worcester, Mass., paid $1.52 million to buy store site at 2701 Military Road from Dask Ventures, owned by David M. Dworkin's LLD Enterprises, according to Niagara County Clerk records. B Sharp is registered to the address of Wo…

Business

A new La Quinta budget hotel will be opening in Lackawanna next month, after two new hotel operators bought a former Best Western from the previous owner 11 years after it was built. The Inn at the Outer Harbor, previously called the Best Western Plus Inn of Lackawanna, is undergoing a renovation that will convert the three-story facility at 2500 Hamburg Turnpike into t…

Business

An Ontario investment group has acquired 46 Buffalo duplexes, triples and other residential properties from a Buffalo firm with Canadian origins, gaining over 73 apartments located predominantly in the Black Rock and Riverside neighborhoods. The buyer, LHBP Properties of Lion's Head, Ont., paid $3.35 million to Hopeful Holdings 2 LP, located on Amherst Street in Buffalo…

Buffalo

A Brooklyn investment group has purchased a large industrial warehouse and distribution complex adjacent to the Scajaquada Expressway and just behind the Monarch 716 student housing complex on the West Side. The buyers–- 2225 East 7 Properties and JEMF Buffalo Industrial – paid $3.6 million to acquire five separate properties and two facilities from Buffalo Niagara Busi…

Buffalo

A Canadian manufacturer of LED light fixtures is considering an expansion into Buffalo now that its owner has purchased a long warehouse property along the city's Red Jacket Riverfront Park in the Old First Ward. Joe DeLonghi, owner and president of Delviro Energy in Toronto, said his company would likely launch some kind of operation in Buffalo in the future to support…

Business

The owner of a Williamsville consulting firm has purchased a medical office building in Orchard Park from a family medicine doctor whose practice is located in the building. Faizan M. Haq, through his Hawk Properties, paid $570,000 to buy the building at 3320 North Benzing Road from Jabez Territory, owned by Dr. Gary Nelson of Southtowns Internal Medicine and Medi Spa, …

Business

A pair of Hamburg investors paid $1.37 million last week to buy a small retail strip plaza and a vacant corner lot in Hamburg for an investment trust. Nancy Tschetter of CN Development sold the properties at 229 and 245 Lake St. to Walter Jay Milligan Sr. and Sheryl Zielonka, as co-trustees for a private investment vehicle. Tschetter's Construction Corp. in West Seneca …

A 52,800-square-foot industrial manufacturing and warehouse property in the Town of Tonawanda has been acquired by a local investor group for $1.175 million. An entity called 310 GI Blvd. bought the facility at 310 Grand Island Blvd. from Donald J. Matre, the owner, president and CEO of Pallet Services, which formerly occupied the complex along with Matre's Ertam Enterp…

Buffalo

Fourteen months after longtime wholesale distributor Will Foods shuttered its doors on the East Side of Buffalo, its sprawling old one-story complex on William Street has a new owner. An entity called William Newell Street, registered to the address of logistics firm Speed Global Services, acquired the 2.84-acre site from Will Poultry Co. and an entity called 27-35 Newe…

Buffalo

An investment group led by a Hamburg radiologist has acquired a brightly colored Grant Street mixed-use building for $850,000 – twice the price it last sold for five years ago. Alberto C. Benedicto, who works at Southtowns Radiology, bought the three-story building at 242 Grant through BVA Realty Holdings, according to documents filed with the Erie County Clerk's office…