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FedEx Closes on Tonawanda Industrial Building
FedEx Corp. has purchased the industrial building at 1930 Military Rd. in Tonawanda, NY for $2.6 million, or about $53 per square foot. The single-story building delivered in 1965 and totals 48,742 square feet. Gerald Rauch of Burr & Temkin represented...

Paychex Buys Rochester Office Building
Paychex, Inc., a Rochester-based payroll, human resources, and benefits outsourcing services company, has gone from tenant to owner after acquiring the office building at 225 Kenneth Dr. in Rochester, NY from LeFrois Development. Paychex paid slightly...

Albany City School District Pays $4M for Albany School Building
Albany City School District has acquired a three-story school building in Albany, NY from Brighter Choice Charter Middle School Boys & Girls for $4 million, or about $74 per square foot. The 54,087-square-foot building is located at 395 Elk St. John...

Walgreens in East Amherst Sells for $5.2M
An individual investor has sold a Walgreens in East Amherst, NY for $5.15 million, or about $348 per square foot. The freestanding retail building delivered in 2007 at 6785 Transit Rd. It totals 14,820 square feet and is anchored by Walgreens, according...

McGuire Development Co. Takes 20,000 SF in Cheektowaga
McGuire Development Co., a Buffalo-based real estate company, has signed a 10-year office lease at 455 Cayuga Rd. in Cheektowaga, NY. The 62,000-square-foot, single-story building delivered in 2001 adjacent to Buffalo Niagara International Airport...

245,000 SF of Industrial Warehouse Space Hits The Market in Rochester
Binswanger, a Philadelphia-based global real estate solutions firm, has been selected to exclusively market a pair of industrial properties along W. Linden Ave. in Rochester, NY for sale and for lease. The two single-story buildings total approximately...

Historic East End Apts. in Rochester Sells for $3.5 Million
An individual investor out of Fairport, NY has purchased the 52-unit East End Apts. at 325 Alexander St. in Rochester, NY for $3.5 million, or about $67,000 per unit. The historic 53,000-square-foot apartment building delivered in 1900 and is in the...

Brewster Mill Park Sells Lake Placid Hotel
Brewster Mill Park Realty has sold the 91-room Quality Inn at 2125 Saranac Ave. in Lake Placid, NY to Oakfield Hospitality for $3.2 million, or approximately $35,000 per key. The two-story hotel delivered in 1970 near Lake Placid Airport and the Lake...

Inland Transportation Services to Maintain Operations Near Greater Rochester Int'l Airport
Inland Transportation Services, a locally-based transportation company, has signed a renewal for the company's 60,000-square-foot industrial facility at 4 Marway Circle in Rochester, NY. The single-tenant building delivered in 1980 minutes from I-490...

Rite Aid Opening New 14,000-SF Store in Troy
Rite Aid has signed a lease to open a new 14,000-square-foot at 75 Vandenburgh Plaza in Troy, NY. The single-tenant building is currently being constructed as part of the 149,443-square-foot Hudson Valley Plaza anchored by Price Chopper. The property...

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