In The News: Bank Is Sole Bidder In Spartans Auction

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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.

Read the rest of the article here.

Posted by on Sunday, July 5th, 2009. Filed under DCI Open.