Fenway Landmark Trades Hands
17 Nov, 2005, Boston, MA
Cushman & Wakefield Handles $25.5 Million Transaction
On behalf of Atlantic Management, Inc., Cushman & Wakefield of Massachusetts, Inc. today announced the sale of 12 Stoneholm Street exceptional multi-family community consisting of 120 residential units for $25.5 million. C&W's Capital Markets Group of Robert E. Griffin, Jr., Marci Griffith Loeber and Brian R. Doherty exclusively represented the seller and procured the buyer -- Boston-based The Hamilton Company.
Situated only steps from Symphony Hall, Fenway Park, Newbury Street and almost countless colleges and universities, 12 Stoneholm Street is an irreplaceable multi-family community consisting of 120 units and an attached 81-car parking garage. Originally constructed in 1927, 12 Stoneholm Street was renovated by the Saunders family in the 1970s and today consists of a five-story residential building, which sits above a two-level parking garage. Residents are afforded immediate access to all of Boston's finest attractions including Back Bay's shopping thoroughfares, Symphony Hall, Museum of Fine Arts and Fenway Park.
"Without question, 12 Stoneholm Street is a niche property with unique appeal. Given the individual unit layouts, the rooftop pool and its dynamic location, 12 Stoneholm Street has historically performed very well with occupancy continually hovering in the 100% range," said Marci Griffith Loeber, Executive Director at Cushman & Wakefield. "Due to its coveted location -- within steps of nearly every cultural attraction in Boston -- and vibrant urban setting, 12 Stoneholm Street will enjoy success for years to come."
Building features a spacious lobby finished with high-gloss ceramic tile and carpet with 24-hour concierge service, elevator service to all floors, a community room with a fully applianced kitchen, an exercise room with separate men's and women's saunas and a roof deck with a heated pool. Units range in size from 275 square foot studios to 1,200 square foot three-bedroom units.
Cushman & Wakefield is the world's largest privately held real estate services firm. Founded in 1917, the firm has 189 offices in 57 countries around the globe, and 11,000+ talented professionals. Cushman & Wakefield delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants, and investors through every stage of the real estate process. These solutions include helping clients to buy, sell, finance, lease, and manage assets. C&W also provides valuation advice, strategic planning and research, portfolio analysis, and site selection and space location assistance, among many other advisory services. To find out more about Cushman & Wakefield, please call 1-800-376-3133.