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Ltd., an affiliate of Cos. in Cliftom Park, closed on the $1.3 million purchase on June 3. Cass Hill intendds to convert theformer 1.3-acre industrial site at 39-4 9 Sheridan Ave. into an office/retail/residential project. The propertuy is located behindthe & Suitese on Chapel Street, near the heart of the city’s entertainmenf district. Tony Sabatino of represented the Cass Hill was represented by Eileen Lindberg of Marc H. Paquin, president of Cass Hill Development couldn’t be reached for comment.
Cass Hill owns several properties downtown, including a 30,000-square-foot office building on Monroe Street across from the former printing Boyd Printing filed for Chapter 11 bankruptcy protection inSeptembere 2005. A federal bankruptcy judge in March 2008 approved the sale of the buildingzs to help satisfythe company’s debts. Some of the company’sx assets were purchased by Carl Johnson, an officer at Boyd who opened aseparate corporation, Inc., in Previous deals for the Sherida Avenue property fizzled before Cass Hill signed a purchasew contract last year.
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