News: Brokerage

Geiger of McGuire Development facilitates $545,000 sale; UCG Ventures is buyer

Rendering, 2374 Niagara Falls Blvd. - Tonawanda, NY Rendering, 2374 Niagara Falls Blvd. - Tonawanda, NY

Tonawanda, NY McGuire Development Co. has completed the sale of 2374 Niagara Falls Blvd. for $545,000 to UCG Ventures LLC.

Plans include turning the former John & Mary’s location into a Checkers Drive-In Restaurant. Redevelopment of the facility will include a total conversion introducing the chain’s new architecture and design.

Jim Geiger, McGuire Development Jim Geiger, McGuire Development

Jim Geiger, director of business development for McGuire Development Company, was the exclusive representative brokering the deal.

Currently there are two Checkers Drive-In Restaurants in Western New York with one in Buffalo and one in Cheektowaga.

“The local restaurants have experienced great success, with sales often in the top 10% of the national chain’s average,” Geiger said. “I expect this location will experience the same growth.”

Checkers Drive-In Restaurants is headquartered in Tampa, Florida with locations in 28 states and the District of Columbia.  The menu includes burgers, fries, chicken, fish, wings and ice cream desserts.

McGuire Development Company is a full service commercial development and real estate firm specializing in real estate services, development, property management, owner representation and brokerage.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking