In a move that has been expected in local real estate circles since last summer, Lumsden & McCormick LLP has agreed to lease the historic Cyclorama Building in downtown Buffalo.
Lumsden & McCormick will be relocating from its longtime home in downtown's Brisbane Building. The move should be completed by July.
Several downtown landlords had been courting the CPA firm but the Cyclorama's history and accompanying parking lot helped swing the deal, sources said.
"The building is of national historic significance and is a prime example of how preserving the past to create the future is possible through innovative management and dedicated ownership," said Robert McDonnell, Ciminelli Real Estate Corp. senior vice president.
Built in 1888 for the Buffalo Cyclorama Co., the building has had a number of uses including serving as a roller skating rink, livery and home to the Grosvenor Library.
Developer Frank Ciminelli bought the building in 1985 for $110,000. For many years it was home to his construction company, now LPCiminelli Co. That company owned and run by Ciminelli's son, Louis.
LPCiminelli moved to the a former auto dealership on Main Street in Buffalo's Central Park district and the 26,000-square-foot building has been up for lease for nearly two years.
Lumsden & McCormick is bringing 90 employees to the building.
"The Cyclorama offers excellent access and visibility to our clients, visitors and staff," said John Schiavone, Lumsden & McCormick managing partner.