Kayser Real Estate Development LP sold six parcels totaling 1.99 acres at the southeast corner of Genesee and Elm streets. The buyer, 327 Elm St, LLC, picked up the properties for $2.15 million last week. The purchase includes a 21,900 sq.ft. building at 319 Elm Street and a one-story, 12,610 sq.ft. building at 638 Michigan Avenue. Sutherland Office Supplies occupied the site until being purchased by W.B. Mason Co. and moved to North Tonawanda.
The LLC was registered in June with a contact address of Colucci & Gallaher, P.C. in the Liberty Building. It is unknown what the buyer’s intentions are for the properties but the purchase price is a sign there may be a redevelopment plan in the works for the site.
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Update:
A tipster says, “This may have been purchased by the Buffalo Niagara Medical Campus. They were looking at it to relocate their maintenance facilities.”