It's a Deal- 392 Pearl Street Sold
392 Pearl Street, a four-story office building that has been vacant for over two years, has a new owner. Appropriately named 392 Pearl Street Properties, LLC out of Lakewood, New Jersey finalized the purchase on Wednesday from long-time owners Chris Lory and Jane Griffin. According to Clarke Thrasher of Hunt Commercial Real Estate who handled the transaction, the new owners intend to find office and retail tenants for the property.
392 Pearl Street Properties, LLC paid $685,000 for the 36,828 sq.ft. building located near the corner of Chippewa Street. It features an exterior clock, full height, four-story center atrium and glass elevator, skylights and interior windows for maximizing ambient light. Floor sizes range from features 8,967 sq.ft. on the ground floor to 9,287 sq.ft. on the office floors, ideal for small to mid-size tenants.
The property once housed Leonardois Restaurant, a Buffalo institution that catered to the downtown theater crowd. The restaurant closed in 1975, reopened in 1979 and closed for good in 1982. Chris Lory and Jane Griffin purchased the property and conducted a thorough renovation that was completed in May 1986. At the time, the building was close to being condemned due to extensive water damage. It was also one of the few construction projects downtown that was not publicly subsidized. The investment was made before Fountain Plaza and Key Center were completed and Chippewa Street was reborn. Up until two years ago, Fleet Bankis operation and administrative group occupied the property.
Get Connected: Clarke Thrasher at Hunt Commercial: 854-5943.
Photo Credits: Hunt Commercial Realty and Citysky phography by Nate Farmsworth.
What Others Have To Say
What Do You Think?
Related Articles
-
The Wait is Almost Over - BR's New Site
As we mentioned in our previous post, we’re in the process of changing the Buffalo Rising site. We’re almost there as we expect to launch the new site on Friday, December 19th.
In the meantime, posting will be light as we log new stories in the new publishing system which will only be viewable when we launch on Friday.
As always, we appreciate our users’ patience as we make this transition but we promise it will be well worth it. With faster load times, a comment view … - Dec 18th 2008, 11:32am
- Continue Reading
- 5 Comments
-
A Kennedy Visits Buffalo
Caroline Kennedy was in town for a visit with our mayor yesterday. A possible choice to succeed US Senator Hillary Rodham Clinton, Kennedy's name has been mentioned along with that of Attorney General Andrew Cuomo (son of former New York Governor Mario Cuomo) and our own Byron Brown, among others.
Certainly, Kennedy has "been around politics" all of her life, which is to say she was born into a family of politicos and lived in the White House--neither of which would necessarily f … - Dec 18th 2008, 7:55am
- Continue Reading
- 32 Comments
-
Downtown Free Fare Zone May be Axed
Free light rail rides on downtown's above ground section could be derailed thanks to the Niagara Frontier Transportation Authority's budget mess. That is the news coming out of a Buffalo Place meeting this morning. Facing a budget shortfall and reduced State operating assistance, the NFTA is scrambling for new revenue sources and is contemplating charging for rides along the lengthy downtown pedestrian mall.- Dec 17th 2008, 4:40pm
- Continue Reading
- 48 Comments
-
The NFTA Santa Ride
Well it is Christmas time in the city and the NFTA helped put people and especially children into the mood in a very festive and fun way. One of my favorite memories of childhood was taking the train downtown with my grandfather. I would gaze out the windows and watch the tunnel speed by. It always felt like we were going a million miles an hour.
Then there was the ability to stand up and walk around during the ride without the need to be strapped down. It was always a fun time … - Dec 17th 2008, 4:34pm
- Continue Reading
- Join the conversation
Comment Options
Edward Street
hopefully, they'll trade out those deathly black tinted windows in favor of something more friendly that connects the inside of the building with the out.
Report this
Dave
here here
Report this
G
What a great spot, a perfict fit.
Report this
gplatt
It'll be nice to get some tenants in this building. Lory and Griffin were pioneers- he (they?) also redeveloped a couple buildings on West Tupper Street at about the same time. These smaller buildings are what makes a city, a city. Having them full benefits all of us.
Report this
STEEL
This and Prima Pizza next door were the first to take a chance in the Chippawa area. That before picture is amazing. I never remember it being that bad.
Report this
EB Blue
What a stunning transformation! I've never seen this circa-1980s photo.
Report this