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BUDC to swap land with Northland manufacturer

by Jonathan Epstein
Thu, Jan 30th 2020 08:00 am
The Buffalo News  [ View Original Article ]

Twenty months after winning state grants and tax credits to expand and improve its facility on Northland Avenue, an East Side manufacturer is now swapping property with the city agency that runs the nearby Northland Corridor training and industrial complex to enable both parties to grow.

The Buffalo Urban Development Corp. and Plesh Contract Packaging  have agreed to exchange all or parts of six properties on Northland and Dutton Avenue in a transaction of near-equal value.

That will allow BUDC to gain property behind and next to its primary 683 Northland building for parking and additional services for tenants, while giving up land it doesn't need but will give Plesh room to grow.

"It's an equitable relationship for both parties," said BUDC Executive Vice President David Stebbins. "We're both getting what we need out of this. It's going to benefit both organizations."

Plesh – located at 701 Northland, on the east side of Northland Central – will give up 0.75 acres of the northern portion of 699 Northland and another 0.351 acres that includes all of 124 Dutton, part of 701 Northland and a southern part of 699 Northland.

In turn, BUDC will trade 0.245 acres in the northern part of 741 Northland and another 0.469 acres that includes all of 128 Dutton and part of 126 Dutton.

The BUDC-owned land is valued at $34,000, while the Plesh land is worth $28,000.

Plesh makes oil- and water-based waxes, cleaners, fuel additives, adhesives, sealants, oils and other products. The company announced plans in July 2018 to spend $7 million on a renovation, supported by a $375,000 grant from Empire State Development Corp. and $162,206 in Excelsior Jobs Program tax credits, plus low-cost power from the New York Power Authority.

Also on Tuesday, BUDC approved another $100,000 to be spent on additional equipment for the Northland Workforce Training Center, for the senior labs.