Buffalo, NY Ellicott Development recently purchased three new properties within the city for $8.3 million.
The first property, 222 Chicago St., is less than half a mile from one of Ellicott’s newest mixed-use completed projects, the Fairmont at 199 Scott St. 222 Chicago St. was previously known as the Kellner Brothers complex for over 130 years. The 45,000 s/f complex is comprised of a variety of new and old buildings. This portion of the total purchase was $1.325 million. J. R. Militello Realty, Inc. was the broker for this transaction.
For $2.375 million, 1238 Group, owned by Ellicott Development, purchased 1294-1300 Niagara St. from the Erie Niagara Benefit Public Funding Corp. This property, the location of the Northwest Community Mental Health Center, and the adjacent parcels contain a two-story, 42,351 s/f building. Also included in the purchase are the parking lots found at 1295 Niagara and 140 Gelston St. The broker for this transaction was Cash Realty & Auctions.
Finally, 1255 and 1263 Delaware Aves., as well as a vacant parcel located at 550 Linwood Ave., were acquired for $4.6 million. This includes a four-story office building at 1263 Delaware totaling 43,504 s/f, and a two-story, 6,596 s/f converted mansion at 1255 Delaware, occupied by BryLin Hospitals Inc. Gurney Becker Bourne acted as broker for this transaction.
Ellicott Development is a multi-faceted, fully integrated property management, leasing and development firm. At present, the Ellicott team is responsible for the management of 5 million s/f of office space in Downtown Buffalo and surrounding counties, over 1.5 million s/f of retail space throughout New York and Western Pennsylvania, and over 1.5 million s/f of hotel, residential apartments, condominiums and town-homes in the Buffalo/Niagara region.
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