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Adesa New York Inc., which operates a wholesale vehicle auction at 12200 Main St. (Route 5), Newstead, has paid $420,375 for about 20 acres of adjoining land it has leased since 1998.
"It was a lease-to-own situation and now we are completing our purchase of it," said General Manager Warren Clauss.
The property, sold by Paul Schmidt and 12126 Main Road LLC, was formerly occupied by Clarence Materials and later Pine Hill Construction, Clauss said.
Adesa has used the property for vehicle storage, repair and...