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McGuire Development sells manufacturing facility in Falconer, NY
September 25, 2015
McGuire Development Company, a local commercial development, real estate consulting and property management firm, today announced the disposition of a manufacturing facility in Falconer, NY.
The property was purchased by SKFNY001, LLC, a subsidiary of Oak Street Real Estate Capital, for $16,720,000. The 66,000 sq. ft. manufacturing facility with an attached 16,000 sq. ft. office building was built by McGuire Development Company in 2012 and is occupied by SKFUSA, LLC. SKFUSA will remain in the facility.
Oak Street Real Estate Capital is a private equity real estate firm out of Chicago, IL that specializes in single-tenant properties. This purchase is the company’s first inroad into Chautauqua County and Western New York.
The SKF project received the Jeffrey J. Zogg Build New York Award in 2012 and was a finalist in the Buffalo Business First 2012 Brick-by-Brick Awards for Best New Construction Project.
McGuire Development Company has extensive experience in the development and construction of high end facilities for a number of industries including manufacturing and professional services. Through its signature transparent process, the company manages the development project, ensuring the original vision is adhered to and the project is completed on time and on or under budget.
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