"Secret" Bidder Offers $475,000 to Buy Site of Old Grain Elevator.

June 5, 2013 Updated Jun 5, 2013 at 7:53 PM EDT

By Ed Reilly

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June 5, 2013 Updated Jun 5, 2013 at 7:53 PM EDT

Buffalo, N.Y. (WKBW) The former Cargill Pool Elevator on Fuhrman Boulevard looks like it will soon have a new owner.

During a morning auction conducted by Cash Realty & Auction, a winning bid of $475,000 was submitted by an anonymous investor.

"It is a client with strong local ties," said Buffalo attorney Robert Bencini.

Bencini added that the buyer will disclose their identity after the deal is finalized.

The 12-acre site has water access on three sides and includes a grain elevator that was built in 1925 by a Canadian Farmers Cooperative.

In 1983, the property was bought by former Buffalo Fire Commissioner Fred Langdon and retired Buffalo firefighter Bill Mackey.

The purchase created some political controversy because of Langdon's connection to then Mayor Jimmy Griffin.

For three decades, Langdon and Mackey operated the South End Marina at the site, but a large fire in 2009 destroyed much of their equipment.

"We've been hanging onto it ever since hoping to get some development done but we haven't had a lot of interest," said Bill Mackey.

At first there was some thought the the owners might not accept the bid, but during the afternoon, a representative from Cash Realty & Auction confirmed the deal has been accepted and efforts to close the purchase will move forward.