"This was a great opportunity for the investor to acquire anattractive complex and one with strong cash flow," says NAIHunneman Commercial Co. associate Gina Barroso, who brokered thesale along with NAI Hunneman principal Robert Tito. Universal plansto hold onto Hamilton Square until the condominium market recovers,explains Barroso. The development includes seven ranch-style unitsand 54 townhome apartments and offers a mix of two-bedroom andthree-bedroom units. Constructed in 1965, Hamilton Square includes122 paved parking spaces in addition to the residential buildings.The complex features substantial landscaping on the 4.5-acrefootprint.

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Founded by Boston residential real estate icon Harold Brown, theHamilton Co. is an Allston-based firm with substantial commercialand multifamily holdings scattered throughout easternMassachusetts. The company had a long-term ownership in HamiltonSquare prior to the sale. Tito and Barroso represented Hamilton indivesting the asset and procured Universal Realty Corp. as well.NAI Hunneman's investment team specializes in small-sized andmedium-sized commercial real estate sales, including multifamilyproperties.

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