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Jamestown

Sheehan building sold, will remain medical facility

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Buffalo: Sheehan building sold, will remain medical facility
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About six months after closing its doors, the Sheehan Health building now has a new owner. YNN's Kaitlyn Lionti tells us what's ahead for the facility, which will continue serving the community.

BUFFALO, N.Y. — The Sheehan Health Network offered medical care to the community for more than 120 years. Now, under a new owner, its building will continue that legacy.

"We're excited to really begin the re-visioning of the project," said James Dentinger, president of McGuire Development.

A U.S. Bankruptcy Court Judge approved McGuire Development's purchase of the building for $2 million Thursday after no competing bids were presented.

"We're happy with the price, we wish we would have been able to get more for it, for the benefit of the creditors, but I think the market has spoken," said Garry Graber, the attorney representing Sheehan in the bankruptcy proceedings.

McGuire Development says its focus for the building will be clinical, research and education, all related to the medical field.

They're in discussions with Unyts and Urban Family Practice to be potential anchor tenants.

"Unyts obviously deals with organ transplanting and blood and Urban Family is a great clinical experience so we're looking forward to hopefully putting those deals together," said Dentinger.

He says McGuire Development has already reached out to local, state and federal representatives for their input on the project and will be working with its new neighbors in the area as well.

"I think it's strategically important that this location is next to the east side and how it's going to serve that community is probably one of our most important aspects of the project," said Dentinger, "We think the location is perfectly located in between the Niagara Medical Campus as well as the Larkin District and maybe it'll be a gateway to both those properties."

McGuire Development hopes to close on the sale by Tuesday and says the visioning process starts now.

"I think the building's ready for its first tenants, so hopefully, we may see some strong activity in the next 60 days."

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