NYC investors pay $32.4m for downtown building

In what is one of this year’s largest, downtown Buffalo commercial real estate deals, a Manhattan-based investment group is poised to acquire the New Buffalo School of Culinary Arts & Hospitality Management building on W. Huron Street.

Mercer Street Partners is expected to close on the $32.4 million deal on Sept. 25, buying the historic landmark building from a local investment group including business and civic leader James McGuire and the estate of the late Mark Croce.

“We had it listed and they approached us,” McGuire said…

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