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Investor has $2.5 million reasons to like Chippewa Street

The property hosts a number of bars and offices including Venu and Bottom’s Up.

BUFFALO, N.Y. — A multi-story property on W. Chippewa Street has been acquired by a local investment group who acquired it for nearly double the price paid in 2011.

67 Downtown LLC paid $2.5 million for the three-story building at that downtown address. The building had been owned by East Amherst investor Daniel Valentine’s Valmar Development LLC, who paid $1.26 million for the nearly 35,000-square-foot building eight years ago.

The deal is one of the largest in recent memory for a building within the Chippewa Entertainment District.  You can read the full story on Buffalo Business First's website

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