Some recent notable real estate deals in the Buffalo Niagara region:
1) Location: 107 Anderson Road, Cheektowaga
Buyer: Goldman Sachs Group and Archon Group LP of Irving, Texas, through W2005/Fargo Hotels (Pool A) Realty LP
Seller: TMI Hospitality of Fargo, N.D., through Heritage Asset Management Inc.
Planned Use: Investment. Property is the three-story Residence Inn Buffalo Cheektowaga, a Marriott International hotel with 113 suites, located just off Walden Avenue to the west of the New York State Thruway exit. Archon, a wholly owned subsidiary of New York investment bank Goldman Sachs since 2000, is a real estate investment services and asset management firm that buys, develops, manages, finances and sells real estate in the retail, multifamily, office, industrial and hospitality sectors – including hotels.
2) Location: 110-112 Pearl St., Buffalo
Price: $1.325 million
Buyer: Paul Kolkmeyer and Greg Suffoletto of Priam Enterprises and unidentified investor, through 110 Pearl LLC
Seller: Michael Joseph/Clover Management of Clarence, through Dun Building LLC
Planned Use: Investment and continued operation of 10-story, 27,265-square-foot Dun Building, which is almost fully occupied by mix of office tenants, mostly law firms. Designed by E.B. Green and William Wicks, completed in 1895 and named for R.G. Dun & Co., this was the first high-rise, first steel-framed and first fireproof building in Buffalo. Joseph sold the building as part of his strategy to refocus on senior housing and apartments.
3) Location: 153 Elmwood Ave., Buffalo
Buyer: Nick Sinatra/Sinatra & Co. Realty of Tonawanda, through Allentown Group Holdings LLC
Seller: 161 Elmwood LLC
Planned Use: Redevelopment and reuse. Former Cozumel Grill & Tequila Bar, a popular eatery that closed. Property is a 3,788-square-foot retail building and “turnkey” restaurant, with 3,100 square feet on the first floor and a patio and deck, and a 688-square-foot office, private bathroom and storage space on the second floor. Seats more than 50 in the restaurant and 14 in the bar, plus 60 in the covered patio and 150 in the open patio. Includes parking for about 30 cars. Sinatra is a real estate manager and developer who has become very active in Tonawanda, North Buffalo and other parts of the city in the past two years.
4) Location: 449 Richmond Ave., Buffalo
Buyer: Marek J. Gozdzialski
Seller: Ann Loretan Living Trust
Planned Use: Investment. Property is a 4-unit, two-story, 4,680-square-foot apartment building, built in 1900 on 0.17 acres.
5) Location: 3110 Lakeview Road, Hamburg
Buyer: Albert M. & Jean Putnam Revocable Trust and Paul Wodzinski
Seller: Village Green Landscape Design & Contracting Inc., in foreclosure
Planned Use: Uncertain. Property is a 49-acre parcel with a 15,028-square-foot metal building comprised of four greenhouses, built in 2001.
6) Location: 219 Lexington Ave., Buffalo
Buyer: Lexington 219 LLC
Seller: Jin Y. Kim of Palisades Park, N.J.
Planned Use: Property is a five-unit, 4,812-square-foot former Grand Victorian-style home and carriage house converted into an apartment building in Elmwood Strip area, with three units in the main house and two in the carriage house. Consists of one three-bedroom unit, three two-bedroom units and one one-bedroom unit. Includes parking. Built in 1900, on 0.20 acres. Fully occupied, generating $45,000 in annual income.
7) Location: 5556 Camp Road, Hamburg
Buyer: Grease Lightning of Batavia
Seller: Charles T. Milton of Orchard Park
Planned Use: Continued operation of auto service shop called Grease Lightning, which has operated there since 2008 and specializes in oil changes. It’s part of a Batavia-based chain by that name, operating shops in Hamburg, Tonawanda, Binghamton, Geneva, East Rochester, Vestal, Geneseo and Warsaw in New York and in Lewiston, Brunswick and Norway, Maine. Property is a 2,293-square-foot, single-story building, constructed in 1996 and located across the street from Camping World and adjacent to Subway. Formerly Sheedy & Sons Quick Lube & Repair LLC.
8) Location: 9545 Hardpan Road, Evans
Buyer: Robert and Nancy Warren
Seller: Vandamar Holdings LL
Planned Use: Uncertain. Property is 13,020-square-foot metal and cement block commercial building, with 18-foot ceilings, two overhead doors, 2,000-square-feet of separate office space and parking for 50 cars, on 75 acres. Built in 1985.
9) Location: 8348 Boston Colden Road, Colden
Buyer: Catering Company LLC
Seller: Bank of Holland
Planned Use: Uncertain. Property is a 13,502-square-foot, two-story, multi-tenant building, on 0.53 acres, built in 1877. Tenants include Colden Mill Restaurant, Colden Dental Care and J.B. Marketing Associates
SOURCE: Erie and Niagara county clerks’ offices, buyers, sellers and other records.