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Hamilton Company buys two Boston commercial buildings for $3.1 million

The Hamilton Company said today it has acquired two Boston commercial buildings, 1117 Commonwealth Ave. and 106 Cambridge St., that bring its combined acquisitions over the past five years to more than $400 million.

“We feel that the market for commercial and residential property remains fundamentally very strong," Carl Valeri, president of the company, said in a prepared statement. “Nevertheless, more buyers than sellers have driven prices higher than investor expectations, giving some pause to the long-term investor.”

According to Hamilton Company's news release, the purchase of the 2,000 square feet building at 1117 Commonwealth Ave. for $950,000 gives the company the entire commercial block at Packard Corner in Allston. The newly acquired space is leased by furniture company bostonwood.com, Hamilton Company said in its statement.

The 1,500-square-foot building at 106 Cambridge St., according to Hamilton Company, sold for $2.15 million and is home to three fast-food restaurants, one of which is a Dunkin' Donuts.