The Bausch + Lomb office building, one of downtown Rochester's most recognizable structures, has been purchased by three local developers led by Buckingham Properties owner Larry Glazer.
Glazer said Friday that the price of the building is "in the neighborhood" of $15 million — far below the $70 million Bausch spent to construct the red granite tower in the mid-1990s. He said the purchase will be final at the end of July.
The deal made with Canada-based Valeant Pharmaceuticals International, which bought Bausch + Lomb last year, culminates a couple of years of negotiation, Glazer said. Valeant officials did not respond to a request for comment.