Mass Ave building for sale

September 19, 2007
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Massala BuildingThe Massala Building on Massachusetts Avenue has been listed for sale. The 36,000-square-foot building is home to MacNivens Restaurant & Bar and is next door to the site of 3 Mass, a condo and retail project now under construction. The building has offices on the upper floors and is 95 percent leased. It hit the market this week. The property is being marketed by Halakar, the developers of 3 Mass, without an asking price. Do you think the addition of the new building will improve values of nearby buildings? Anyone know the history of the Massala Building?
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  • Absolutely. Does the parking lot next to it go with the building? As much as Mass Ave needs parking, I would love to see the surface lot holes filled in, which I know is part of the development plan. Hopefully, whoever buys it will build out into the parking area, and I would like to see another restaurant or maybe some more retail go in on the ground floor.
  • I'll lay 100k that Troy Gregory, owner of MacNivens buys it up this week. P.J. & Tom listing this publicly doesn't make a bit of sense.

    Oh yeah, the parking lot is where the condos are going, right?
  • Riley Area Development Corp has a photo gallery of when 345 Mass was Brother Junipers, late 70's I think. http://www.rileyarea.org/gallery.htm
  • The building listing says it comes with 18 parking spaces.
  • I'm pretty sure those 18 spaces are the lot immediately behind the building, which isn't part of 3Mass.
  • Upon further reflection and a couple margaritas, I'll agree those 18 spots likely belong to the law firm behind the building. Bro Jups was alive and well till maybe 2000? Awesome lunch spot. SOUP!!!!
  • This used to be called the Baker Building. It was built in about 1905 and included flats on the upper levels. Different businesses occupied its first floor storefronts throughout its history.
  • A 95% leased building in the heart of Mass Ave with 18 parking spaces (which might be the lot north not south of the building). Halakar will certainly get top value for this building even with the huge beast of a building going up next to it. I am really interested to see what the final sale price is for this awesome building.

    Hey Mobyhead, thanks for that Riley Area link, all those pictures are really cool.
  • What a great building. Wish I had the capital to fork over for this jewel.
  • I can't really say how I know this, but I know that Crown Liquors is at least considering moving in to a space near here. I'm not sure if it was this building or not, though.
  • NO Crown Liquors! O'Malia's is already expanding in that area. Plus at least close down Wheeler Mission first.
  • One would think that Wheeler Mission's directors or other fiduciaries would feel some pressure to sell and relocate where their dollars would pay for more beds and programs to meet their mission aims.
  • Sounds like a fishing expedition.
  • ^^^^ yup ^^^

    just fishin.

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  1. With Pence running the ship good luck with a new government building on the site. He does everything on the cheap except unnecessary roads line a new beltway( like we need that). Things like state of the art office buildings and light rail will never be seen as an asset to these types. They don't get that these are the things that help a city prosper.

  2. Does the $100,000,000,000 include salaries for members of Congress?

  3. "But that doesn't change how the piece plays to most of the people who will see it." If it stands out so little during the day as you seem to suggest maybe most of the people who actually see it will be those present when it is dark enough to experience its full effects.

  4. That's the mentality of most retail marketers. In this case Leo was asked to build the brand. HHG then had a bad sales quarter and rather than stay the course, now want to go back to the schlock that Zimmerman provides (at a considerable cut in price.) And while HHG salesmen are, by far, the pushiest salesmen I have ever experienced, I believe they are NOT paid on commission. But that doesn't mean they aren't trained to be aggressive.

  5. The reason HHG's sales team hits you from the moment you walk through the door is the same reason car salesmen do the same thing: Commission. HHG's folks are paid by commission they and need to hit sales targets or get cut, while BB does not. The sales figures are aggressive, so turnover rate is high. Electronics are the largest commission earners along with non-needed warranties, service plans etc, known in the industry as 'cheese'. The wholesale base price is listed on the cryptic price tag in the string of numbers near the bar code. Know how to decipher it and you get things at cost, with little to no commission to the sales persons. Whether or not this is fair, is more of a moral question than a financial one.

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