Newmark Ciminelli represented The Aleron Group in the recent sale of the company’s long-time office building located at 250 International Drive in Williamsville, NY for $2.4 million, and will continue to occupy part of the 25,440 sq. ft., 2-story building.
Stenclik Building LLC, affiliated with Aleron Group, sold the property to Stamm Family Holdings LLC. The transaction was brokered by Tim Malchow, Assistant Vice President of Newmark Ciminelli, who represented the seller and listed the property on their behalf. Tim Malchow, Newmark Ciminelli Assistant Vice President stated, “Completing this sale supported the business needs of two growing companies in the region and signals a continued interest in suburban office space from many users in the region.”
Aleron has experienced significant growth in recent years and in 2019, moved its headquarters to 500 Pearl Street in downtown Buffalo, NY while maintaining an office at 250 International. Aleron will continue to lease a portion of the building from the new owners.
Stamm Family Holdings is led by Bradley and Brian Stamm of the Stamm Law Firm. The firm plans to occupy the entire second floor at 250 International Drive and are actively seeking an additional tenant to lease the remaining unoccupied space.
Newmark Ciminelli was formed in 2020 as an alliance with global real estate services provider Newmark, supporting Ciminelli’s desire to expand brokerage services into key markets in the region.