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Key Center Condominium Formation & Lease to IBM

Hodgson Russ partner Terrence M. Gilbride is heading a team of attorneys representing the owner of the Key Center twin tower office complex in downtown Buffalo in conjunction with the Buffalo Information Technologies Innovation and Commercialization Hub. This project involves the formation of a commercial condominium and sale of over 100,000 square feet of space in the South Tower at Key Center to a nonprofit corporation affiliated with New York State. This is another key component of New York Governor Andrew Cuomo’s Buffalo Billion projects. After the sale, the space will be developed  as an information technology hub and leased to IBM, which has announced its intention to create 500 technology-related jobs at the site.