The Hamilton Company completed it 6 th acquisition for 2005 with the purchase of 12 Stoneholm Street, a 120 unit plus parking garage in the Fenway/Symphony Hall section of Boston. Acquired for $25.5 million, this purchase puts total acquisitions for the year of approximately $100 million. The property will be converted to condominiums in the late fall and price ranges for the units will range between $250,000 and $475,000. Amenities include garage parking, 24 hour concierge, and roof top pool.

“This purchase, amongst others this year and projects under construction, gives us an inventory of over 500 units of entry level housing throughout Boston and the suburbs” stated Carl Valeri, President of the Hamilton Company. Over the past 5 years, The Hamilton Company has converted or built nearly 1,000 units for condominium ownership. “Upon final sellout, our sales activity will exceed $250 million.”, Stated Valeri. These affordable prices for new homeowners continue to be very attractive despite recent news articles. We have found that the pace of sales and interest level at these price levels continue to be strong based upon weekly open house activity and backlog of closings.

The Hamilton Company is a full service real estate management and development company located in Allston, MA. Privately owned, it has been in operation for over 50 years and owns and operates in excess of 4,600 units and nearly 3 million square feet of commercial property in and throughout greater Boston.

For further information, contact Carl Valeri, (617) 850-7213