In The News: Bank Is Sole Bidder In Spartans Auction
An auction to sell the longstanding Nashua home of the Spartans Drum & Bugle Corps happened so fast there would have been no time to strike up the band. In less than two minutes Tuesday morning, the mortgage-holder of the 15,400-square-foot building and two-acre lot placed the winning – and only – bid. Without much fuss, Bank of New England bought its own 73 E. Hollis St. property for $800,000.
In the time it took quick-tongued auctioneer Jim St. Jean to acknowledge the offer, look around for any other bids and then close the process, he could have read the Gettysburg Address.
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