NORTH ADAMS, Mass. — The iconic New Kimbell Building on Main Street went to foreclosure auction on Tuesday after the owner fell behind on both mortgage payments and property taxes.
Mortgage-holder MountainOne Bank was the only bidder at the auction, taking the historic building for $1,248,000. It was held in the entrance lobby at 85 Main by Daniel P. McLaughlin & Co. Auctioneers LLC.
The New Kimbell Building, better known as 85 Main St., was purchased by PKC Capital LLC for $1.65 million from 85 Main Street Nominee Trust in 2021.
PKC Capital LLC, which transferred to 81-91 Main Street LLC in December, still owed $1,124,316 to MountainOne at that time, according to documents on file with the Registry of Deeds.
As of Friday, the owners owed $133,517.33 in back taxes and interest to the city of North Adams dating back to fiscal 2023. A tax-taking was filed on Oct. 28, 2024.
The city lists the principal as Charalabos Bakalis of the state of Florida. Bakalis, as KCS MATERIALS LLC, also owns 306 Union St., which went into foreclosure last year. Work was done on the exterior of the apartment building some years ago but then halted, and the city filed a tax taking in 2024. A for-sale sign recently appeared on the property.
The block that encompasses 81 to 91 Main St. was built in 1908 by two daughters of Jenks Kimbell, owner of the "old" Kimbell building that had been the city's first commercial livery.
It's been the home of notable businesses over the past century, including Apothecary Hall and McClelland's. It currently hosts a variety of accounting, investment and insurance firms, and offices on two floors. MountainOne Insurance and Investments has taken over much of the first floor. The bank occupies the adjacent building.
The top four floors have been empty for years and are blocked from public access. The property is assessed at $1.12 million and contains an estimated 55 units.
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North Adams First Congregational's 'Share the Love' Campaign Returns
By Jack GuerinoiBerkshires Staff
NORTH ADAMS, Mass. — Now in its fifth year, the First Congregational Church's "Share the Love" campaign returns to assist organizations aiding those in need in Northern Berkshire County.
"We live in a politically-charged environment in which many people, no matter their affiliation, feel powerless. One fact seems indisputable, however. Those who are disadvantaged in our society are becoming more so," said Linda Rhoads of the Missions Ministry. "First Congregational Church North Adams values the inherent dignity of every human being, and so we support each individual's right to food, housing, healthcare, and security. We cannot address every need. We are currently focused on supporting organizations that provide aid to those suffering a lack of food and housing."
Community members are encouraged to donate to the cause, and FCCNA will match 50 percent of all donations up to $10,000. Rhoads noted that the community has consistently stepped up each year, successfully meeting previous donation goals.
"We can't say enough about the support we have received," she said. "Whether it is reaching out to Share the Love's former donors, soliciting businesses to underwrite our Take a Chance on Love raffle to boost contributions to Share, or talking one-on-one to folks at our tabling events at Aubuchon Hardware and Stop & Shop, we have been fortified that community is at the heart of our life in this corner of the Commonwealth. We believe that we have only begun to tap the goodwill that sustains a vibrant community."
Returning this year is FCCNA's "Take a Chance on Love" raffle. For every $25 contributed, a donor’s name is entered into a drawing to win a prize from one of Northern Berkshire’s "big-hearted businesses."
All proceeds will be split among the Berkshire Food Project, Louison House, Greenagers at Many Forks Farm (a youth empowerment program), and the Al Nelson Friendship Center Food Pantry.
"The Missions Ministry of FCCNA had made a strategic decision before that time to focus its attention on two areas: food insecurity and youth empowerment," Rhoads said. "That focus has led us to support international organizations like World Central Kitchen and initiatives like education for displaced Syrian children. We are informed by the interests and recommendations of our congregation, and our congregation has also made it clear that it wants, first and foremost, to take care of those living in Northern Berkshire County."
Mortgage-holder MountainOne Bank was the only bidder at the auction, taking the historic building for $1,248,000. It was held in the entrance lobby at 85 Main by Daniel P. McLaughlin & Co. Auctioneers LLC.
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