UNYTS asking $4.2M for downtown building

January 3, 2013 Updated Jan 3, 2013 at 8:21 AM EDT

By WKBW News

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January 3, 2013 Updated Jan 3, 2013 at 8:21 AM EDT

Ahead of its move to the revamped former Sheehan Memorial Hospital property, UNYTS has put its current downtown Buffalo headquarters up for sale.

And, with the listing just a few days old, it is already attracting a fair amount of interest.

UNYTS, formerly Upstate New York Transplant Services, has listed its two-story, 51,552-square-foot building, located at 110 Broadway, with David and Ben Schiller from Pyramid Brokerage Co. of Buffalo. The property, which comes with 48 on-site parking spaces, has an asking price of $4.2 million.

The listing comes on the heels of UNYTS agreeing to help anchor the complete redevelopment of the former Sheehan Memorial Hospital property that was acquired by an affiliate of McGuire Development Co. during a Nov. 29 court-ordered foreclosure sale. Sheehan closed last June after suffering through years of financial issues.

McGuire is developing a medical campus complex on the eight-acre Sheehan property.

David Schiller said the new wave of activity along Buffalo's Elm-Oak arterial is driving a lot of the interest and prospective buyers in the UNYTS building. Catholic Health, this year, will be starting construction in its new headquarters along the northern end of the Elm-Oak arterial while developers Tom Montante and Jake Schneider are moving ahead with residential-based projects at its southern end.

"It is making it easier," Schiller said of the recent activity. "People notice these things."

The UNYTS building was constructed in 1984 for the former Comptek Research Co. UNYTS acquired the building in the late 1990s.

"We still get people who know the building because of Comptek," Schiller said.

Early interest has come from a few smaller companies as well as some professional firms. At 51,552-square-feet, the building is one of the largest ones on the market with a downtown Buffalo address.

"It is a very unique, singular offering for downtown Buffalo," Schiller said.

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