Retail sites in Buffalo, Hamburg sold

March 23, 2012 Updated Mar 23, 2012 at 7:15 AM EDT

By WKBW News
By Business First by James Fink

...
March 23, 2012 Updated Mar 23, 2012 at 7:15 AM EDT

Two retail properties - one near the McKinley Mall in Hamburg and the other on Buffalo's East Side - have been sold.

In one transaction, McKinley Savers LLC of Queens paid $3.37 million for the 21,269-square-foot former Circuit City store that adjoins the McKinley Mall. McKinley Savers is the real estate holding company for the building's tenant, Savers.

Savers, an international chain that operates for-profit, second-hand thrift stores, opened its first area location in the outparcel last summer.

The building had been owned by Savers McKinley Mall LLC, according to documents filed in the Erie County Clerk's office.

Meanwhile, in a pre-arranged deal, Buffalo-based Creative Structure Services, which built a 10,566-square-foot Dollar General store last year on Genesee Street, sold the property to Inland Real Estate Group of Cos., a firm based in the Chicago suburb of Oakbrook.

Inland paid $1.35 million for the property, according to the Erie County Clerk's Office documents.

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