Loading the content... Loading depends on your connection speed!

TOGGLE

TOGGLES THE NAVIGATION!

SWIPE THE SLIDER

SWIPE LEFT OR RIGHT
TO CHANGE THE IMAGE!

SWIPE THE PAGE!

DRAG THE CONTENT TO THE
RIGHT TO SEE THE NAVIGATION!

TAP ANYWHERE TO CLOSE!

CLOSE THE COACH, TAP THE PAGE!

This page has a lot of responsive features!
That means they expand when the device is in landscape!
Flip your device back in portrait mode to continue the tutorial!

updated today

NEWS & PRESS

07.17.2015
Former HQ of Lynn's

JJManning Auctioneers, a leader in the accelerated marketing and disposition of quality real estate, is pleased to announce the sale of 38-54 Exchange St. & 74 Mt. Vernon St., Lynn, MA at Absolute Auction for $880,000. 

The iconic former headquarters of "The Daily Item" newspaper is a 34,735+/- sf. commercial building, comprised of a circa 1900 5-story limestone flat iron structure with a circa 1972 3-story addition, complete with the original hand-operated passenger elevator and a variety of period detail. A high visibility location on Cosgrove Squarenear the MBTA commuter rail station with ocean views provides tremendous potential for an office and/or possible residential development.  The property is situated on .36+/- acres comprised of 2 adjoining Assessor's parcels with an 18+/- space parking lot in the middle of the Central Business District.

 The uniqueness of the property held by the same family for 3 generations, in combination with special considerations to be made in regard to an onsite National Grid power room and large areas containing built-in press equipment to be included with the sale, made it an ideal candidate for a real estate auction where true market value is achieved through competition between ready, willing, and able buyers.

Ultimately the Absolute Auction method, wherein the property is sold to the last and highest bidder regardless of price, elevated the number of inquiries, website hits, social media activity, and property tour attendance culminating in 14 registered bidders each with a certified deposit of $25,000 in hand competing to own the property on auction day.