WHEATFIELD – The Niagara County Industrial Development Agency voted Wednesday to transfer the seven years left on a property tax break for a renal dialysis clinic in the Woodlands Corporate Center off Shawnee Road in Wheatfield.
Calamar, the original developer, has sold the building to Riester Clarksville USA of Brentwood, Tenn., for $2.15 million, according to IDA documents. A Tennessee bank will hold a $1.15 million mortgage on the property.
The 8,600-square-foot building at 3909 Forest Parkway, assessed at $675,000, was built in 2010 as the home of Apollo Health Care. The IDA granted a 10-year payment-in-lieu-of-taxes, or PILOT, arrangement to Calamar in 2010. Current payments are $15,197 a year.