Friday December 14, 2012

NORTH ADAMS -- A large commercial building in downtown North Adams was sold at auction on Thursday afternoon for $210,000.

The 22,560 squarefoot red-brick building at 25 Marshall Street, previously owned by John and Edith Leu, is located on a well-trafficked, prime commercial area near MASS MoCA and City Hall. The building most recently was used as the Brien Center, a mental health and substance abuse clinic.

The Brien Center moved to its new location at 124 American Legion Drive on March 23.

Two bidders competed against one another to drive the price from a starting bid of $100,000 to $210,000.

The individual that bought the property declined to disclose his name or reveal what he plans to do with the property.

Prior to the auction, a representative of Aaron Posnik Inc., of Springfield, who auctioned off the building said that a $20,000 deposit would be required.

The "absolute auction" would require the owner to acquire in the condition it currently stands and the sale of the building would need to be completed within about 30 days, the representative said.

Edith Leu watched with her husband and two grown daughters behind about two dozen spectators, which took place on the building parking lot.

Following the conclusion of the auction, the Leu family celebrated by exchanging hugs and kisses.

The Leus, who are in their mid-80s, have previously stated they were selling the property because they were ready for retirement. They no longer had the desire to put any more time and energy into renovations.

"It’s time," Edith Leu said. "It’s served us well. It’s time to move on."

Over the years, the building has served a wide-range of uses, Edith Leu said. It had been the site of a gasoline station. The building has also been used for retail, towing, and furniture sale.

Edith Leu said that the couple had owned the building since 1957.

Leu wouldn’t elaborate what she would use the money from the sale besides saying that she would, "continue a comfortable retirement."