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Project Name

Outfront Portable Solutions

Address

50 Wecker Street
Buffalo
New York
14212

Project Details

Buffalo Metal Fabricating had approached the ECIDA for assistance and it soon became apparent  that a potential sale might be in the company's best interest.  The BNE was contacted and reached out to companies both in the U.S. and Canada for potential  buyers.  Outfront had expressed an interest, toured the facility and agreed to purchase both the business and real estateThe acquisition of the 55,000 sq. ft. Buffalo facility will provide Outfront with access to the U.S. market.  Along with the acquisition of the business, the company will construct renovations to the interior of the plant and  purchase machinery and equipment.  A 10,000 sq. ft. addition is also planned.

The company estimates up to three years to finalize their U.S. presence at the site since major renovations to the building are required.

As an added benefit, the Wecker Street building will be renovated to meet LEED standards.

 

Status Details

5/21/2012 - $$2,550,000 Lease/leaseback Inducement Resolution