Joyce Manor at the Hawthorne Theatre

Punk act Joyce Manor headlines the Hawthorne Theatre in this Dec. 17, 2014 file photo.

(David Greenwald/The Oregonian)

This story has been updated*.

The Hawthorne Theatre, a Southeast Portland music venue in a nearly 100-year-old building at the corner of Hawthorne and Cesar E. Chavez boulevards, sold earlier this year for $3 million, records show.

The company Hawthorne Masonic LLC sold the theater, built in 1919, to Pandion Investments LLC and Cyrus G. Etemad, Pandion's manager, in a transaction recorded in February. The building previously sold in 2005 for just under $2 million.

The Portland Business Journal first reported the sale.

The new owners listed a San Francisco address. Attempts to reach Etemad and the Hawthorne Theatre were not immediately successful. Previous owner Anthony McNamer said Tuesday that the sale won't immediately affect the music venue, which operates under a lease that was transferred to the new owner.

The building was formerly known as the Sunnyside Masonic Temple.

A story published about a year ago on the website York & Fig - a project by the public radio program Marketplace tracking gentrification in Los Angeles - features Etemad as the new owner of an old bowling alley that he bought for $2.9 million. He owned other properties nearby and planned to renovate them and substantially raise rents on the tenants, according to the story.

Upcoming shows at the Hawthorne Theatre include the rapper Yung Lean on Friday and Insane Clown Posse on May 31.

*This story was updated on March 29 at 12:50 p.m. to add a comment from the building's previous owner, who said the sale won't immediately affect the operation of the music venue.

-- Luke Hammill

lhammill@oregonian.com

503-294-4029

@lucashammill