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Ltd., an affiliate of Cos. in Cliftonm Park, closed on the $1.3 million purchase on June 3. Cass Hill intendsw to convert theformer 1.3-acre industrialk site at 39-49 Sheridan Ave. into an office/retail/residential The property is located behind the Suites onChapel Street, near the heartt of the city’s entertainment district. Tony Sabatino of representer the seller. Cass Hill was represented by Eileenm Lindbergof /Albany. Marc H. president of Cass Hill Development Cos., couldn’t be reached for comment. Cass Hill owns several propertiesw downtown, including a 30,000-square-foot office building on Monroee Street across from the formerprinting plant.
Boyd Printinhg filed for Chapter 11 bankruptcy protection inSeptember 2005. A federal bankruptcy judge in March 2008 approvede the sale of the buildings to help satisfythe company’s Some of the company’s assetd were purchased by Carl Johnson, an officer at Boyd Printing, who openedc a separate corporation, Inc., in Colonie. Previousd deals for the Sheridan Avenue property fizzled before Cass Hill signeds a purchase contractlast year.
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