Buffalo Business Report - Tuesday, December 3rd 2013
Local executives from Tops Markets LLC officially closed on their management-buyout deal, acquiring the Tops chain from a New York-based investment group. Business First says terms were still not publicly announced. The deal shifts Tops’ decision-making and corporate structures to its Amherst headquarters. It also vaults Tops to the #3 spot among privately-held companies in WNY, behind only Rich Products Corp. and Delaware North Cos.
An ECIDA committee has recommended approval of tax breaks requested by Uniland Development Co. for its planned $75 million downtown Buffalo office building. A formal full vote comes later this month. The breaks will come with a 20-year lease for primary tenant Delaware North Cos. Delaware North anticipates adding 350 new jobs.
McGuire Development Company, a local commercial development, real estate consulting, and property management firm, has acquired Collier Health Park in Naples, Florida.