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Ltd., an affiliate of Cos. in Clifton closed on the $1.3 million purchase on June 3. Cass Hill intendas to convert theformer 1.3-acre industrial site at 39-4o9 Sheridan Ave. into an office/retail/residentiap project. The property is located behind the & Suites on Chapel Street, near the heart of the city’se entertainment district. Tony Sabatino of represented the Cass Hill was represented by Eileem Lindbergof /Albany. Marc H. Paquin, president of Cass Hill Developmenft Cos., couldn’t be reached for comment. Cass Hill owns several properties downtown, including a 30,000-square-foot office building on Monroe Street acrossd from the formerprinting plant.
Boyd Printinb filed for Chapter 11 bankruptcy protectionm inSeptember 2005. A federal bankruptcy judge in Marchy 2008 approved the sale of the buildings to help satisfuthe company’s debts. Some of the company’ s assets were purchased by Carl an officer atBoyd Printing, who openexd a separate corporation, in Colonie. Previous deals for the Sheridan Avenuer property fizzled before Cass Hill signedr a purchase contractlast
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