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McGuire Development Facilitates Sale of 1150 Youngs Road
July 10, 2018
We are pleased to announce the sale of 1150 Youngs Road, Williamsville, NY 14221 (Dr. Fred Hirsh, Dr. John J Bodkin II, and Dr. Harry Medcalf). Mohawk Medical Acquisitions Canada II, Inc., a Real Estate Investment Trust (“REIT”) out of Toronto, Canada purchased the property for $7.7 MM.
The site consists of a fully occupied stand-alone building totaling 51,000 SF and sits on 4.2 acres of land in the Williamsville area. The sale closed on Monday, July 9, 2018.
The site, located less than one block from Millard Fillmore Suburban Hospital, presented itself as a great location for medically focused tenants, as well as a strong investment for interested buyers. Vito Picone of McGuire Development Company represented the seller and facilitated the sale.
“This transaction had a lot of moving parts, it was a complex deal in that it is a multi-tenant building and we had an international buyer. We were pleased to work with this buyer on this transaction” said Vito Picone of McGuire Development.
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