According to deed records, the property was seized by the sheriff’s department after court proceedings and a filing against Beurekjian by Commonwealth Tank in 2011. The firm purchased the property at auction for $600,000 in September 2013.
Under the law, however, Beurekjian was allowed a year to buy back the property for the same amount. According to Smerczynski, Beurekjian sold that right to Palumbo. Meanwhile, a second creditor filed suit with an attachment on the property. That case is still pending.
Smerczynski said he convened a meeting at the mayor’s request with all the concerned parties to at least secure the property from trespassers. Commonwealth Tank has since installed lights and motion sensors and boarded up the building.
The change in ownership throws into question the validity of DeNisco’s special permit from the city. Smerczynski said all three parties will likely have to work out a deal for anything to happen.
Attorney John Keilty, who is representing DeNisco, did not return a phone call by press time.
An assistant for Kevin Hoag, the president at Commonwealth Tank, said nothing has been decided with the property yet. She declined to answer any further questions about it.
You can reach John Castelluccio at 978-338-2527, firstname.lastname@example.org or via Twitter at @SNjcastelluccio.