Healthcare firm buys Belmont Shelter headquarters on Main

The Buffalo News | September 20, 2019

A fast-growing West Side-based healthcare organization and insurance provider has acquired the former Main Street headquarters of Belmont Housing Resources of Western New York, paying $2.5 million for a building just north of the Buffalo Niagara Medical Campus.

G-Health Enterprises, the parent of the Greater Buffalo United Accountable Healthcare Network (GBUAHN) and related entities, closed Thursday on its purchase of the 24,531-square-foot building at 1195 Main St. That's located two blocks above Buffalo General Medical Center and the Gates Vascular Institute.

The purchase also included an adjacent parcel at 36 Dodge St., around the corner, said David Schiller of Pyramid Brokerage Co., who handled the transaction for Belmont.

Meanwhile, Belmont is planning to move to 2421 Main St., the 72,000-square-foot former headquarters of LPCiminelli, which the nonprofit is buying from the largely-defunct former general contractor for $5.45 million. The sale is expected to close on Sept. 30.

Starting in late January, Belmont will occupy 34,000 square feet in the building, formerly a car dealership and manufacturing facility that later became the headquarters for Greater Buffalo Savings Bank before that was acquired by First Niagara Financial Group. Two other tenants - labor union Local 1199 SEIU and a KeyBank branch - will remain.

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