Q2 2012 Buffalo, New York Retail Property Sales Analysis

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Q2 2012 Buffalo, New York Retail Property Sales Analysis


The $16.0 million ($78 psf) exchanged in two retail property transactions during the second quarter amounted to the largest single-quarter total since the first quarter of 2011. In the latest quarter’s largest transaction, an atypical deal, American Campus Communities paid Benderson Development Company $10.5 million ($2,405 psf) for the 4,365-square-foot vacant former Buffalo Shooting Club in Williamsville. The deal closed in May. In June, Benderson paid Developers Diversified Realty Corporation $5.5 million ($28 psf) for the 199,504-square-foot Burlington Place in Amherst.