Some recent notable real estate deals in the Buffalo Niagara region:
1) Location: 4610 Genesee St., Cheektowaga
Buyer: GB Restaurants Inc. of Gilbert, Ariz., through GB Land Investments LLC
Seller: Mormon Church of Salt Lake City, through Deseret Mutual Employee Pension Plan Trust
Planned Use: Investment. Continued operation of a Denny's restaurant on Genesee Street, just east of Holtz Drive. Deseret Mutual Insurance Co., originally Deseret Mutual Benefit Administrators, was established as a nonprofit entity in 1970 to administer the insurance and retirement plans for employees of The Church of Jesus Christ of Latter-day Saints – the Mormon Church. The employee pension trust is a 22-year-old entity that was established by the church-owned insurer in January 1991 to hold a retirement plan, tax-sheltered annuity plan, retirement savings plan and thrift plan, including their investments. Buyer is a Denny's franchise that operates 37 restaurants in Arizona and New York.
2) Location: 551 Farber Lakes Drive, Amherst
Buyer: Daniela Gulino of East Amherst, through Figurehead Club Salon & Day Spa LLC
Seller: Charles A. Ottaviano
Planned Use: Continued operation of Figure Head Club Salon & Spa in 4,419-square-foot building on one acre in Ciminelli Real Estate Corp.'s Centerpointe Corporate Park, just west of International Drive. Built in 1987. Ottaviano is the former owner of the spa, while Gulino is the new owner.
3) Location: 3740 Sheridan Drive, Amherst
Buyer: United Auto Foreign & Domestic, through 2115 Factory Outlet Boulevard LLC of Niagara Falls
Seller: Goetz Energy Corp. of Tonawanda
Planned Use: Possible new auto body repair shop. Property is a 3,042-square-foot, single-story, freestanding masonry building that formerly housed the Jolly Roger Car Wash and gas station. Constructed in 1971 on 0.7 acres just east of Millersport Highway on the north side of Sheridan Drive. Goetz markets diesel, fuel oils, gasoline and other petroleum fuel products. Goetz removed tanks, pumps and car wash equipment from the property, making it ready for redevelopment. United Auto already operates a shop at 5139 Sheridan.
4) Location: 484 Main St., East Aurora
Buyer: Tony and Jessica Bartolini
Seller: Michael J. and Liesa Denise Buccieri of South Wales
Planned Use: Investment. Property is an office building, with offices for Aurora Counseling and Dr. Joy Kreeger.
5) Location: 2250-2266 Military Road, Tonawanda
Buyer: ACM Northfield CR #3 LLC
Seller: Sopramco III REO LLC
Planned Use: Uncertain. Property is a self-storage and industrial complex, with 210 self-storage units and a 36,297-square-foot warehouse building, plus additional outside storage, on 3.6 acres. Located in an Empire Zone and waterfront industrial district.
6) Location: 9851-9857 Niagara Falls Blvd., Niagara Falls
Buyer: John Mazur of Grand Island, through Regal Property Holdings LLC
Seller: Anthony F. Aversa of Lewiston, through Windsor Apartments of Niagara Inc.
Planned Use: Investment. Property is the brick-and-siding Windsor Apartments complex, a two-story, 9,880-square-foot, multi-family, garden-style apartment complex, with 10 two-bedroom townhome units. Built in 1960, on 30,771 square feet of land in the LaSalle neighborhood, at the intersection with 100th Street. Transaction represents sale of substantially all of Windsor Apartments' assets, as Aversa is retiring.
7) Location: 5949 Campbell Blvd., Cambria
Buyer: Stephan Sardella of North Tonawanda
Seller: Charles T. Kesterson of Gasport, through Kestersons Restaurants Inc.
Planned Use: Uncertain. Property houses a restaurant facility, formerly the Heart & Vine Restaurant and Lounge.
8) Location: 4415 Union Road, Cheektowaga
Buyer: Susan Bianchi of East Amherst, through Paradise Properties of WNY LLC
Seller: TC Leasing Corp.
Planned Use: Uncertain. Property is 2,565-square-foot medical office building, constructed in 1963 on 0.66 acres, north of the Kensington Expressway and near the Buffalo Niagara International Airport. Includes a reception and waiting room area, six exam rooms, private offices, a break room, a new roof and a parking lot.