Corrected: Documents Show Bostonville Closing Months In The Making

Note: This article was corrected at 10:55 a.m. on Friday, June 24:

Many Lynnfield residents were surprised in recent days to learn that the . However, a look at various  documents online shows that the closing of the sports bar was pending for some time because of the financial situation of its landlord, Liberator LLC.

Those who consult the Massachusetts Registry of Deeds website – or more specifically, the website for the Registry of Deeds of the Southern Essex District, can read bankruptcy and foreclosure documents pertaining to the 325 Broadway, as well as its eventual sale. The search term would be "Liberator LLC," and it should bring up six documents.

According to the ISHCC.org business database, Liberator LLC, the business entity that was Bostonville's landlord, was created on August 30, 2007 and has an address on Alderbrook Drive in Topsfield with Edwin A. Quinn as the registered agent.

In an affidavit of sale dated May 11, 2011, Brian D. Kelly, manager of the Kel-Route 1 LLC auto dealership business, stated that due to breach of conditions of a mortgage on the Route 1 property dated September 10, 2007, he ran three legal notices in the Peabody/Lynnfield Weekly News announcing a mortgagee's sale of real estate. These were published in the February 10, 17 and 24 issues of the Weekly News.

In the affidavit, Kelly goes on to state that the mortgaged property, which sits on 1.9 acres of land, was sold to Kel-Route 1 LLC for $3,860,000 on May 11.

The printed legal announcement refers to it as "the  mortgaged premises located at 325 Broadway, Lynnfield, Massachusetts." The legal notice stated that a public auction was initially scheduled for 11 a.m. on March 9, 2011.

On May 5, a U.S. bankruptcy judge granted Kel-Route 1 LLC's  motion for relief from an automatic stay of foreclosure, paving the way for the May 11 sale of the land.  

The foreclosure deed granting Kel-Route 1 LLC the mortgaged property was dated June 6, although Bostonville was still open and busy as of June 15, when the Bruins won their game seven Stanley Cup victory.

Looking a little further back, in an assignment of mortgage and security agreement dated December 30, 2010, East Boston Savings Bank states that it "hereby assigns to Kel-Route 1 LLC, a Massachusetts limited liability company, with an address of 72 Andover St., Danvers, MA 01923 (assignee), all of assignor's right, title and interest in and to the" mortgage that Liberator had taken out with Mt. Washington Cooperative Bank in September, 2007. That bank then went on to merge with East Boston Savings Bank.

The mortgage apparently wasn't the only fiscal headache facing the former Route 1 sports bar's landlord. The state deeds website also has a March 3, 2011 document headlined "Withdrawal In Tax Lien Case." According to that document, the Town of Lynnfield vs. Liberator, LLC case was filed on November 9, 2010. That complaint was withdrawn by the plaintiff after "due proceedings under said complaint were instituted according to law."

Looking ahead, one of the next big questions for Lynnfield is whether the building that housed the Bostonville Grille will be used in the future for some sort of restaurant or retail function or whether the auto dealership company that bought it will raze it to expand their current business activities adjoining the ill-fated property.