Back in September, we posted on the sale of 1580 Niagara Street, home to Hohl Machinery LLC, a Buffalo advanced manufacturer and machine shop that had been closed a year prior. Earlier today, it was announced that local entrepreneur Jim Wei was behind the purchase, with intentions of reviving the advanced manufacturing operation, founded back in 1945.
Wei, who has multiple investments in ISO certified advanced manufacturing and real estate in Buffalo, purchased the site, along with the equipment, which made it possible to turn the lights back on in a timely manner. The shop is now back up and operational.
The building was built in 1884. It contains 3,700 sq. ft. of office space and 23,351 sq. ft. of industrial space, with ceiling heights as high as 17’.
“The operation is under new management,” said Wei, who is currently acting as General Manager for Hohl Machinery LLC. “But it’s the same location, same product, same equipment, and I’ve been able to hire some of the same employees. We even have the same contact information,” Wei said. “Whatever they did before, we’re just going to do it better.”
Hohl, a manufacturer of material handling devices and conveyor technologies, serves industries including automotive, food, and pharmaceuticals.
Wei says that the recent economic advancements along Niagara Street prompted him to make the purchase. He also saw the value of the operation, which employed 25 people under previous ownership.
“I fell in love with the location,” Wei said. “With how much investment and construction is happening on Niagara Street, this is the perfect time to invest in this community. The area is on the rise, and I’m happy to be a small part of that.”