Hamilton Co. Acquires Woodland Park Apartment Complex In Newton For $45M

Client: The Hamilton Company 39 Brighton Ave/ Boston MA 02134 (617) 783-0039 Project: Woodland Apartments - Newton, MA For more information Contact Gregg Shupe 508-877-7700 www.Shupestudios.com

The Hamilton Co. has acquired Woodland Park, a 126-unit apartment complex in Newton.

The company purchased the property at 264-290 Grove St. for $45 million. The property abuts LaSalle College and Woodland Country Club, is walking distance to the Charles River and is close to the Riverside Green Line Commuter Stop.

The complex was purchased by Hamilton’s closely-held public entity, New England Realty Assoc. (NERA), from the original developer MJ Realty Trust for $45 million in a cash transaction. NERA was represented by Sally Michael, managing partner of Saul Ewing.

The purchase of Woodland Park follows on the heels of Hamilton’s recent purchase of a parcel in Union Square in Somerville for $5.4 million; the development of 150 Camden St. in Douglas Park in Northeastern University; and the continued re-development of the Packard’s Corner corridor in Allston.

Carl Valeri, president of The Hamilton Co., said in a statement that the purchase of Woodland Park “is a key acquisition given its condition and transit-oriented location. These extremely well-built and maintained residences are a perfect fit for our company and our long-term growth strategy.”