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Buffalo Business Report - Tuesday, December 3rd 2013

Local executives from Tops Markets LLC officially closed on their management-buyout deal, acquiring the Tops chain from a New York-based investment group.  Business First says terms were still not publicly announced.  The deal shifts Tops’ decision-making and corporate structures to its Amherst headquarters. It also vaults Tops to the #3 spot among privately-held companies in WNY, behind only Rich Products Corp. and Delaware North Cos.

An ECIDA committee has recommended approval of tax breaks requested by Uniland Development Co. for its planned $75 million downtown Buffalo office building.  A formal full vote comes later this month.  The breaks will come with a 20-year lease for primary tenant Delaware North Cos.  Delaware North anticipates adding 350 new jobs.

McGuire Development Company, a local commercial development, real estate consulting, and property management firm, has acquired Collier Health Park in Naples, Florida. 

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