AMHERST, N.Y. (WBEN)........In what is one of the largest deals for a suburban apartment complex, the Colonie Apartments has landed new owners.
Investors Colonie YP Holdings LLC and its affiliated Colonie Meadow LLC and Colonie Wellington LLC paid $20.25 million for the Colonie Apartments - 184-unit complex at 2051 Sweet Home Road.
The new investors are Dallas-based.
Colonie Funding Co. LLC from Miami had owned the complex.
The deal is one of several sevem-figure commercial deals that closed on Oct. 21, according to documents filed in the Erie County Clerk's Office.
The others:
* Investors 135 S. Cascade Drive Holdings LLC paid $4.65 million to buy the property that houses Basil Chrysler, Dodge, Jeep, Ram dealership.
The dealership remains at the Springville site.
* A building at 3049 Orchard Park Road in Orchard Park that is anchored by a Bank on Buffalo location sold for $1,803,750.
Bank on Buffalo will remain at that location near the "five corners" in Orchard Park.
* Investors 77 Linwood Properties LLC paid $1.15 million for neighboring mixed-use buildings at 77 Linwood Avenue and 79 Linwood Avenue.
Buildings in Springville, Orchard Park and Buffalo land new owners
Buildings in Springville, Orchard Park and Buffalo land new owners
