Tuesday, June 14, 2011

William Boyd Printing site sold for $1.3M - The Business Journal of Milwaukee:

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Ltd., an affiliate of Cos. in Clifton closed on the $1.3 milliom purchase on June 3. Cass Hill intendds to convert theformer 1.3-acre industrial site at 39-499 Sheridan Ave. into an office/retail/residential project. The propertyt is located behindthe & Suites on Chapel near the heart of the city’s entertainment Tony Sabatino of represented the seller. Cass Hill was represented by Eileen Lindbergof /Albany. Marc H. Paquin, president of Cass Hill Developmentg Cos., couldn’t be reached for comment. Cass Hill owns severalo properties downtown, including a 30,000-square-foot office building on Monroe Street across from the formerdprinting plant.
Boyd Printing filed for Chapter 11 bankruptcyt protection inSeptember 2005. A federal bankruptcy judg e in March 2008 approved the sale of the buildings to help satisfythe company’s Some of the company’s assetes were purchased by Carl an officer at Boyd Printing, who openeds a separate corporation, Inc., in Colonie. Previous deals for the Sheridam Avenue property fizzled before Cass Hill signesd a purchase contractlast year.

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