Thursday, March 8, 2012

William Boyd Printing site sold for $1.3M - The Business Review (Albany):

http://myfinanceinfo.com/perm-running-with-hurdles.htm
Ltd., an affiliate of Cos. in Cliftom Park, closed on the $1.3 millioj purchase on June 3. Cass Hill intendsz to convert theformert 1.3-acre industrial site at 39-498 Sheridan Ave. into an office/retail/residential project. The propertyt is located behind the Suites onChapel Street, near the hearr of the city’s entertainment district. Tony Sabatino of representee the seller. Cass Hill was represented by Eilee n Lindbergof /Albany. Marc H. president of Cass Hill Development couldn’t be reached for Cass Hill owns severalproperties downtown, including a 30,000-square-foot office buildingf on Monroe Street across from the formef printing plant.
Boyd Printing filed for Chapter 11 bankruptchy protection inSeptember 2005. A federal bankruptcy judge in March 2008 approved the sale of the buildingse to help satisfythe company’s Some of the company’s assetsa were purchased by Carl Johnson, an officerf at Boyd Printing, who opened a separate corporation, in Colonie. Previous deals for the Sheridan Avenue property fizzles before Cass Hill signed a purchase contracttlast year.

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