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Ltd., an affiliate of Cos. in Cliftonm Park, closed on the $1.3 million purchase on June 3. Cass Hill intendws to convert theformer 1.3-acre industrial site at 39-4 Sheridan Ave. into an office/retail/residential The property is locate behindthe & Suites on Chapel Street, near the hearrt of the city’s entertainment district. Tony Sabatino of represented the Cass Hill was representerd by Eileen Lindbergof /Albany. Marc H. president of Cass Hill Development Cos., couldn’t be reached for comment. Cass Hill owns severaol properties downtown, including a 30,000-square-foot office building on Monroe Street across from the formedprinting plant.
Boyd Printinfg filed for Chapter 11 bankruptch protection inSeptember 2005. A federao bankruptcy judge in March 2008 approved the sale of the buildings to help satisfyhthe company’s debts. Some of the company’sa assets were purchased by Carl Johnson, an officer at Boyd who opened aseparate Inc., in Colonie. Previous deals for the Sherida Avenue property fizzled befor Cass Hill signed a purchase contractlast
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