Iconic Buffalo Bowling Alley Has Sold

An iconic Buffalo bowling alley has sold while Ellicott Development has added to its growing local commercial real estate portfolio and a new life is planned for a former City of Tonawanda elementary school.

All were among a slew of commercial real estate deals that closed and were recorded on August 1 in the Erie County Clerk's office.

The deals:
• Investors Golden Lucky Property Inc. paid $950,000 for the Five Star Lanes bowling alley at 2422 South Park Avenue in Buffalo.
The 18-lane bowling alley - that comes with an adjoining bar, restaurant and three apartments - has a legacy that dates back decades including a long stint as Recckio’s Lanes from 1946 to 2011.
Businessman Alfred Castricone, through his 2422 Group Inc. affiliate, sold the property.
Broker Cassandra Whitney from MJ Peterson Real Estate Corp. said there was considerable interest in the bowling alley.
“People know it,” Whitney said.
• Ellicott Development Co., through its 10 Ellicott Square Corp. and Ellicott Square Corp. affiliates paid $350,000 for the former Park Avenue Coat Co. warehouse at 144 William St.
The 21,821-square-foot, two-story building that dates back to 1920, had been owned by T&T Andolino Properties LLC.
Park Avenue shifted its warehouse to Lackawanna.
William Paladino, Ellicott president and CEO, said his company will use the building to warehouse its own materials - freeing up other space for tenant needs.
“It made sense to do this,” Paladino said.
The deal was brokered by Richard Schechter and Tyler Balentine from Pyramid Brokerage Co.

• Architect and developer Dave Sutton, through his 55 Taylor Drive LLC, has acquired the former Riverview Elementary School from the City of Tonawanda School District.
55 Taylor Drive paid $650,000 for the 45,900-square-foot, circa 1957 building, in a deal brokered by CBRE Upstate New York’s Shana Stegner, Sarah Cashmere-Warren, and Julie Clark.
Sutton’s group is planning a residential conversion for the vacant school, anchored by market-rate apartments.

• Investors Washington Street Lakeview LLC paid $3.3 million for the Lakeview Mega Storage complex at 1975 Lakeview Drive, Hamburg, buy it from Lakeview Storage of WNY LLC.

• A multi-tenant medical office building at 235 Windward Road in Orchard Park was sold for $790,000 with investors SPASC planners LLC buying the property from the joint venture group of Orchard Park Commerce Center Inc., Acquest Management Inc. and Orchard Park Commerce Center JV.