Flaum Management Acquires Buffalo Retail Property On Delaware Ave. For $29M

The retail property located at 2670-2730 Delaware Ave. in Buffalo has been sold in a transaction facilitated by Ben Snyder and Zack Bates of Matthews Real Estate Investment Services. The property spans a total of 239,059 square feet and was sold for a price of $29,000,000, resulting in a price per square foot of $121. The sale took place on December 10, 2021, and involved Flaum Management as the buyer and a joint venture between DRA Advisors and DLC Management as the seller.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $29,000,000
• Address: 2670-2730 Delaware Ave., Buffalo
• Market: Buffalo
• Buyer: Flaum Management
• Seller: Joint venture between DRA Advisors and DLC Management
• Brokers: Ben Snyder & Zack Bates - Matthews Real Estate Investment Services
• Square Footage: 239,059
• Price Per Square Foot: $121

The deal was successfully negotiated by Ben Snyder and Zack Bates, representing the buyer and seller respectively. The transaction highlights the expertise of Matthews Real Estate Investment Services in facilitating large-scale retail property sales. Through their efforts, Flaum Management was able to acquire the property from the joint venture between DRA Advisors and DLC Management.