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Industrial Properties Trade Hands
Ever wonder how much a piece of Buffalois industrial milling heritage can be had for? Less than the price of a decent single family house apparently. An entity named Riverwright LLC has purchased a warehouse and mill located at 139-157 Buffalo River Place off of South Park Avenue for a paltry $120,000. ConAgra/Maple Leaf Milling Inc. was the seller.
Elsewhere, a large industrial property at 683 Northland Avenue was sold in a series of transactions in late March. The former CNB International plant, a manufacturer of industrial presses, machine tools, and related parts, was sold to Northland East LLC, Northland West LLC and Dutton LLC in four separate transactions. The buyer is believed to be Sweeney Steel. In total, the 220,000 sq.ft. facility and adjacent properties sold for $1.4 million. CNB International filed for bankruptcy in March 1999.

The property is approximately 1000 feet away from the former Curtis-Wright plant on Grider Street were Centerstone Development is undertaking a $22 million renovation project for future tenant Sodexo. It also near the former Kensington Heights housing project where Centerstone is a partner with EI Team on a proposed $60 million multi-faceted senior housing development.

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