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

05.14.2010
Burlington Woods Office Park Auction Brings $33 Million

JJManning Auctioneers, a leader in the accelerated marketing and disposition of quality real estate, is pleased to announce the sale at auction on Tuesday, May 11, 2010 of two "Class A" office buildings located at 1 & 3 Burlington Woods Drive in Burlington, MA. 

 

Developed in the early 1980's, the office park sits in a high visibility location on I-95/Rt. 28 near the Burlington Mall, Lahey Clinic, New England Executive Park, and the Marriott Hotel with walking trails connecting to Wayside Commons. 

 

On auction day, 29 registered bidders representing many of the area's top real estate investment and management firms attended the mortgagee's foreclosure auction each with a minimum certified deposit of $50,000 in hand, per building. 

 

Auctioneer and company President, Justin Manning, first offered the assets individually and then packaged the bids in combinations on behalf of GE Capital, selling the park's two largest assets (263,624 sf.), for a total of $33 Million.  "When you have the turnout of bidders as seen that day, water tends to reach its own level price-wise, and it did," stated Mr. Manning.  Banker & Tradesman reported the buyer as The Davis Cos with CEO, Jonathan Davis, quoted as saying, "This is a very mature, very high-quality park in a great location."

 

JJManning Auctioneers sells high value commercial & residential real estate exclusively at auction.  Please visit www.JJManning.com or call 800-521-0111 for further information.

 

About The Company

JJManning Auctioneers provides expert accelerated marketing and asset disposition solutions to Fortune 500 companies, REITs, corporations, government agencies, financial institutions, REO portfolio managers, small businesses, and private individuals across America.  Since 1976, JJManning Auctioneers has successfully marketed and sold over 14,000 commercial, industrial, and residential real estate properties.   

 

Contact: Justin J. Manning, CAI, AARE - President/CFO

Company Name:  JJManning Auctioneers

Telephone Number: 800-521-0111 x-223

Email Address:  Justin@JJManning.com

Web Site Address:  www.JJManning.com

Mailing Address: 179 Old King's Hwy, Yarmouth Port, MA 02675