Investor has $2.5 million reasons to like Chippewa Street


A multi-story property on W. Chippewa Street has been acquired by a local investment group who acquired it for nearly double the price paid in 2011.

67 Downtown LLC paid $2.5 million for the three-story building at that downtown address. The building had been owned by East Amherst investor Daniel Valentine’s Valmar Development LLC, who paid $1.26 million for the nearly 35,000-square-foot building eight years ago.

The deal is one of the largest in recent memory for a building within the Chippewa…

Previous MorningBiz with Bill Roy: Sept. 19, 2019 (Video)
Next Matchstick Ventures closes on second fund worth $30 million